Question: why B Given: Base amount = $5000, gradient = $1000, 1 = 12%, n=5. For the given values, calculate the equivalent annual series amounts over

why B Given: Base amount = $5000, gradient = why B

Given: Base amount = $5000, gradient = $1000, 1 = 12%, n=5. For the given values, calculate the equivalent annual series amounts over 5 years. O $5.357.91 Reason: If n was 4, then this would have been the right answer. O $6,774.59 O $8,043.87 Reason: If i was 6%, then this would have been the right answer. $24,420.90 Reason: This is the present worth till year 0. Correct Answer $6,774.59

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