Harry has a life insurance policy that will pay his family $42,000 per year if he
dies. if inte...
Mathematics, 06.11.2019 19:31, queenskyyt
Harry has a life insurance policy that will pay his family $42,000 per year if he
dies. if interest rates are at 2.5% when the insurance company has to pay,
what is the amount of the lump sum that the insurance company must put
into a bank account?
a. 3.5 million
b. 350,000
c. 1 million
d. 1.68 million
Answers: 1
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