Samuel has a life insurance policy that will pay his family $40,000 per year if
he dies. If interest rates are at 4.0% 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. $1 million
O
B. $350,000
O
C. $3.5 million
O
D. $1.4 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Samuel has a life insurance policy that will pay his family $40,000 per year if he dies. If interest rates are at 4.0% when the insurance ...” 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
You Might be Interested in
The equation sin (40) = b/20 can be used to determine the length of line segment AC
Answers (2)
Avery Gould is a tailor. He is paid $7.50 for each pair of jeans he hems. How much would he be paid for 12 pairs of jeans?
Answers (2)
8y - 3 = 15 + 2y what is y?
Answers (2)
Of the 2,400 marathon participants, 1,800 of the wore headphones what percent of the participants wore headphones? what percent of the participants did not wear headphone? explain
Answers (1)
What is 781,407 rounded to the nearest ten thousand What is 781,407 rounded to the nearest ten thousand?
Answers (2)
New Questions in Mathematics
The number of visitors to an annual neighborhood carnival increased each year as shown in the table. Predict the number of visitors in 2018, assuming the increase continues at this same rate.
Answers (1)
Annual compounding pays more money than daily compounding.
Answers (2)
What is the function rule for the perimeter of a building with a rectangular base if the width is two times the length
Answers (1)
What is the answer to 2 (x:6) ?
Answers (1)
Spring and neap tides happen at the same time each day a little later each day about a day later each month only once each year
Answers (1)