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10 February, 22:24

Paul has a life insurance policy that will pay his family $30,000 per year if he

dies. If interest rates are at 1.5% 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?

+1
Answers (1)
  1. 10 February, 22:31
    0
    29550

    Step-by-step explanation:

    1.5 percent of 30000 is 450, so subtract 450 from 30000
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