Problem:
You are offered a $10,000 life insurance policy with thirty annual premium payments of $126 each.
Question: What is the future value of the payments that you will have made after the policy is paid up, assuming the insurance company can earn 6% on invested capital? The first payment will be made in one year. Please provide step by step solution and show all work.
A. $5,912
B. 15,450
C. 11,322
D. 7,432
E. 9,961