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A life insurance company estimates it will have to make 30 annual payments of $50,000 each to cover a client's policyIf the first payment is

A life insurance company estimates it will have to make 30 annual payments of $50,000 each to cover a client's policyIf the first payment is expected to be made in 8 years and the firm uses an interest rate of 8.5, how much will they have to invest today to cover this obligation ?

A life insurance company estimates it will have to make 30 annual payments of $50,000 each to cover a client's policy. If the first payment is expected to be made in 8 years and the firm uses an interest rate of 8.5%, how much will they have to invest today to cover this obligation? O A. $303,559 B. $781,004 C. $279,778 D. $3,508,609

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