The present worth of income from an investment that follows an arithmetic gradient was projected to be $9500. If the income in year 1 is expected to be $1200, how much would the gradient have to be in...

Extracted text: The present worth of income from an investment that follows an arithmetic gradient was projected to be $9500. If the income in year 1 is expected to be $1200, how much would the gradient have to be in each year, through year 7 if the interest rate is 10% per year? Select one: O a. 765 O b. 491 O c. 153 O d. 287 O e. 513