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Salvatore has the opportunity to invest in a scheme which will pay $ 7 , 5 0 0 at the end of each of the

Salvatore has the opportunity to invest in a scheme which will pay $7,500 at the end of each of the next 5 years. He must invest $15,000 at the start of the first year and an additional $15,000 at the end of the first year. What is the present value of this investment if the interest rate is 7%?
A. $14,112.09
B.-$1,732.79
C. $1,732.79
D.-$14,112.09
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