I Can Invest for a Pension in Either the Senex

Multiple Choice

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.