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. *

A pays $50 at the end of every 6-month period for the next 5 years (a total of 10 payments).

B pays $50 at the beginning of every 6-month period for the next 5 years (a total of 10 payments).

C pays $500 at the end of 5 years (a total of one payment).

D pays $100 at the end of every year for the next 5 years (a total of 5 payments).

E pays $100 at the beginning of every year for the next 5 years (a total of 5 payments). 1