MQ insurance company issues life annuities. It prices these annuities using the following probabilities. Survival probability Year Probability of surviving from start of year to end of year 0.89 2 0.77 3 0.5 4 0 The annuities pay $50,000 at the end of each year while the policyholder is alive. MQ insurance believes it can eam 9% pa interest investments, MQ insurance has an initial cost of $50 at the date of issue. (c) Calculate the fair single premium value which is paid on the issue date of this policy. Round your answer to two decimal places Select one 0.74856 81 b92584 95 82945.29 Bd 7490681