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SEHAS Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 800 per year forever. If
SEHAS Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 800 per year forever. If the required return on this investment is 12.00% convertible continuously, how much will you pay (today) for the policy?
a.
6,059.88
b.
6,219.63
c.
6,112.26
d.
6,165.51
e.
6,274.66
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