Mathematics

10 July, 05:12

Luke has a life insurance policy that will pay his family $29,000 per year if he

dies. If interest rates are at 5.4% 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?

O A. $53,703.70

O B. $53,703,703.70

O C. $537,037.04

O D. $5,370,370.37

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