Daisy purchases an endowment with McDuck insurance. She will pay 5 annual premiums of amount P, starting immediately. The expected present value of the endowment is 50,000, and the expected present value of a 5 year term life annuity due (paying 1 every year) is 4. McDuck insurance will pay a commission of 1,000 to the agent who sold the policy at the moment it is signed, and will incur costs of 10% of the premium each time it is paid. Calculate Pusing the principle of equivalence. $14,025.00 $13.888.89 $14.888.89 $14,166.67