Question: Please help me solve this question Bob's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs

Please help me solve this question

Bob's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $700 per year forever starting today. If the annual rate of interest is 12%, how much will you pay for this policy? ( 8 points) a. 5,800.00 b. 5,833.33 c. 6,533.33 d. 5,208.33 Question 5 (Mandatory) (8 points)

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