You have a savings account that earns 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 $38,000 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 $164,521 $180,500 $180,952 $190,000