You plan to buy an insurance policy. The policy pays you $500,000 when you die and you expect to die in 30 years. The policy requires you to make annual payments (called premiums) of $6,000 per year.

A) If the interest rate is 6 percent, and payments are made at the end of each year, should you buy this policy or look elsewhere?

B) Redo part (a) but assume that the payments are made at the beginning of each year.