Which of the following investments will have the highest future value at the end of 5 years? Assume that the effective annual rate for all investments is the same.

1. A pays $50 at the end of every 6-month period for the next 5 years (a total of 10 payments).
2. B pays $50 at the beginning of every 6-month period for the next 5 years (a total of 10 payments).
3. C pays $500 at the beginning of 5 years (a total of one payment).
4. D pays $100 at the end of every year for the next 5 years (a total of 5 payments).
5. E pays $100 at the beginning of every year for the next 5 years (a total of 5 payments).