Given the following series of payments: Year End-of-Year Payment 1 $1145 2 $1435 3 $1596 4 $1445 5 $1225 The present sum (i.e. at time 0) equivalent to above series of payments at a 6% interest rate is close to a. $8190.53 O b. $5431.45 c. $5757.3 d. $6102.8 Given the following series of payments: Year End-of-Year Payment 1 $1263 2 $1485 3 $1276 4 $1472 5 $1474 The future sum (i.e. at time 5) equivalent to above series of payments at a 8% interest rate is close to a. $8215 O b. $6038 O c. $5984 O d. $8141