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 ) . 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