Sarah is thinking about purchasing an investment from H Investing. If she buys the

investment, Sarah will receive $100 every 3 months for five years. The first $100

payment will be made at the end of the first 3 months (it is a normal annuity) after she

buys the investment. If Sarahs required rate of return is 16%, how much should she

be willing to pay for this investment?

A. $ 327

B. $ 592

C. $ 1309

D. $ 1359