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Which of the following four investments has the highest PV? (Assume your required rate of return is 5% annually) Yr Inv. A Inv. B Inv.

Which of the following four investments has the highest PV? (Assume your required rate of return is 5% annually)

Yr Inv. A Inv. B Inv. C Inv. D

1 $10,000 $5,000 $0 $0

2 $10,000 $5,000 $0 $0

3 $0 $5,000 $0 $0

4 $0 $5,000 $14,000 $0

5 $0 $5,000 $14,000 $25,000

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