24.You are offered the following investment opportunities:

Option A-Invest $5,000 and receive $6,000 at the end of 5 years.

Option B - Invest $5,000 in a bank account that pays 4% interest compounded annually for 5 year.

Which investment choice would you select and why?

-Option A because the interest rate is higher

-Option A because it would generate approximately $105 more than Option B

-Option B because it would generate approximately $83 more than Option A

-Option B because the present value of the amount is greater than Option A

-Neither option because they are both the same

-Cannot be determined