this is part A. My question asked is part B.

Consider the following two cash flow series of payments: Series A is a geometric series increasing at a rate of 5% per year. The initial cash payment at the end of year 1 is $1,000. The payments occur annually for 5 years. Series Bis a uniform series with payments of value Xoccurring annually at the end of years 1 through 5. You must make the payments in either Series A or Series B. If your TVOM is 8%, would you be indifferent between these two series of payments? Enter the PW for each series to support this choice. PW. Series A: $ 4629 PW, Series B: $ 4639 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5%. Parta Your answer is correct. Determine the value of X for which these two series are equivalent if your TVOM - 6.5%. $ 1100 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 45