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 ). If my MARR is 15%, how much greater is the present cost to me of the series of payments I would make to Geriatrix versus the series of payments I would make to Senex?
A)$2 457
B)$3 246
C)$3 863
D)$4 127
E)$4 222

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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 ). If my MARR is 15%, how much greater is the present cost to me of the series of payments I would make to Geriatrix versus the series of payments I would make to Senex?
A)$2 457
B)$3 246
C)$3 863
D)$4 127
E)$4 222

I Can Invest for a Pension in Either the Senex