You got two different offers for a live insurance. Insurance A has the following characteristics: You pay yearly at the beginning of the year 2.000 for the next 25 years. After 25 years you will get 60.000 paid. Insurance B has the following characteristics: You make an immediately downpayment of 10.000 and you pay yearly at the end of the year 1.000 for the next 25 years. After 25 years you will get 50.000 paid. How do you valuate the offers if you take the following considerations into account: - Actual the yield on the stock markets are about 3,4%. - Insurance companies offer normally a interest about 2%. Which is the better offer? Support your answers with the appropriate calculations and justify your answer