You are the beneficiary of a new life insurance policy. Based on the new policy, you will receive an annual payment of $100,000 a year, at the beginning of each period, for the next 10 years. The annual rate of this policy is 6%. What is the value of this policy today? Pick a choice - $780,169.23 - $977,906.39 - $736,008.71 - $973,041.19 - $1,000,000