Tanya borrows$$$$60,000$at an interest rate of$4\%$from her grandfather to$$purchase a property.$$The loan is for a period of$5$years$.$Are the following two cash flows equivalent$($to the nearest whole number$)?$ Option$1$:$5$equal payments of$$$$13,478$ Option$2$:$$ First year's payment:$$$$2,000$;$$Second year's payment:$$$$2,000$;$$ Third year's payment:$$$$2,000$;$$Fourth year's payment:$$$$2,000,$Fifth year's payment:$$$$62,700$ TRUE$/$FALSE show work on excell