#33 A life insurance company estimates it will have to make 30 annual payments of $650,000 each to cover a clients policy. If the first payment is expected to be made in 13 years and the firm uses an interest rate of 8.5%, how much will they have to invest today to cover this obligation?

A. $2,418,843

B. $2,624,445

C. $30,333,933

D. $6,752,242