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 $12,000 a year for the next five 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.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice $51,954 $57,000 $57143 $60,000