Ask Question
26 June, 02:35

Walter has life insurance policy with a $1.2 million benefit. If this money was put into an account with 4% interest rate, how much income can his beneficiaries expect in case Walter dies?

+1
Answers (2)
  1. 26 June, 02:52
    0
    Money to expect if Walter dies is $1.248Million

    Step-by-step explanation:

    The interest on the money is calculated.

    Hence 104% of $1.2Million is calculated.

    Therefore 1.04*1200000 = 1248000
  2. 26 June, 03:00
    0
    48,000

    Step-by-step explanation:

    a p e x
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Walter has life insurance policy with a $1.2 million benefit. If this money was put into an account with 4% interest rate, how much income ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers