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I have just inherited some cash and would like to invest the funds allowing me to receive $40,000 every December 31st for the next six

image text in transcribed I have just inherited some cash and would like to invest the funds allowing me to receive $40,000 every December 31st for the next six years (2021 - 2027). If I earn 12% on my investment, what is the most I need to invest on January 1, 2021? Time periods Factor PV Annuity due 5 4.03735 PV Annuity due 6 4.60478 PV Ordinary annuity 5 3.60478 PV Ordinary annuity 6 4.11141 O a. $164,456 Ob. $161,494 Oc. $144,191 Od. $184,191

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