I can invest for a pension in either the Senex or the Geriatrix pension plan. Senex requires me to invest $1500 a year for the next 15 years (beginning one year from now), whereas Geriatrix requires an immediate deposit of $5 000 and 15 subsequent annual investment of $1 200 a year (also starting one year from now ). Senex pays 10% on my investments, whereas Geriatrix pays 9%. How much more money will I have in my pension plan in 15 years time if I invest in Geriatrix?
A)$1 500
B)$3 380
C)$10 610
D)$5 790
E)I will have less money than if I had invested in Senex.

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The Answer of I can invest for a pension in either the Senex or the Geriatrix pension plan. Senex requires me to invest $1500 a year for the next 15 years (beginning one year from now), whereas Geriatrix requires an immediate deposit of $5 000 and 15 subsequent annual investment of $1 200 a year (also starting one year from now ). Senex pays 10% on my investments, whereas Geriatrix pays 9%. How much more money will I have in my pension plan in 15 years time if I invest in Geriatrix?
A)$1 500
B)$3 380
C)$10 610
D)$5 790
E)I will have less money than if I had invested in Senex.

I Can Invest for a Pension in Either the Senex