An investment product promises to pay $54,000 at the end of 12 years. If an investor feels this investment should produce a rate of return of 10%, compounded annually, what's the most the investor should be willing to pay for the investment?(FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)

rev: 05_06_2020_QC_CS-211555

Multiple Choice

• $169,475
• $18,927
• $54,000
• $17,206