You have a savings account that eams 5% interest, compounded annually. A friend has offered you an investment opportunity. He says that if you invest in his new business, he will pay you $14,000 a year for the next 5 years. What is the maximum amount you would be willing to invest in your friend's business? (Future Value of \$1, Present Value of $1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Multiple Choice $60,613 $66,500 $70,000 $66,667 You have a savings account that eams 5% interest, compounded annually. A friend has offered you an investment opportunity. He says that if you invest in his new business, he will pay you $14,000 a year for the next 5 years. What is the maximum amount you would be willing to invest in your friend's business? (Future Value of \$1, Present Value of $1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Multiple Choice $60,613 $66,500 $70,000 $66,667