Katherine has a life insurance policy that will pay her family $35,000 per year if she dies. Katherine's insurance company expects that it would have to put $1,400,000 into a bank account so that it could make the payments. What does Katherine's insurance company expect the interest rate to be?

A) 0.4%

B) 1.6%

C) 2%

D) 2.5%

Question

1 June, 01:45

+3

Answers (2)

Know the Answer?

Juliana Trujillo · Answer 1

The answer is D.) 2.5%

Tommy Glenn · Answer 2

2.5 (Apex answer)