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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

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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 yeat for the next 5 years. What is the maximum amount you would be willing to invest in your friend's business? (Euture Value of S1. Present Value of \$1. Future Value Annuity of \$1, Present Value Annuity of S1) Noter Use appropriate factor from the PV tables. Mulbple Choice $164,521 $180,500 $180,952 $190.000

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