Mathematics
Mathematics, 14.01.2020 17:31, vicada2782

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. $1 million
b. $350,000
c. $3.5 million
d. $1.68 million

answer
Answers: 1

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Harry has a life insurance policy that will pay his family $42,000 per year if he
dies. if inte...

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