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Question 5 1 pts A life insurance company anticipates to pay $550.000 in death benefits in 8 years. The company wants to match the duration of this liability with its assets, so that the outflow is fully funded in 8 years. Thus, the insurer contacts its broker/dealer to buy STRIPS with 8 years until maturity. The STRIPS have a $5,000 face value per STRIP will yield 6 percent with semiannual compounding. How much must the insurer spend now to fully fund the liability? Note: do not round any intermediate steps. $355,224 $370,890 None of these is correct $362,355 $342,742