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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
It took 25.5 bottles to fill a cooler and each bottle contained 1.8 liters. How many liters are in the cooler
Answers (2)
17 1/2% of what number is 21?
Answers (1)
A bell pepper has 33 grams of sugar per serving. An apple has 1818 grams of sugar per serving. Which statement is true? A) For an equal number of servings, the apples will have six times as much sugar.
Answers (1)
Solve the system using substitution. y = 2x + 4, 2x - y = 6
Answers (1)
One solution 19x+18=-19x+18
Answers (1)
New Questions in Mathematics
What is the hypotenuse of a triangle if one leg is 8 inches and 6 Inches
Answers (1)
Keith spent 60% of jis birthday money at the mall. If he spent $24 at the mall, how much money did Keith receive for his birthday
Answers (2)
What is 5 multiplied by 3 1/4 as a mixed number or a mixed number
Answers (1)
For a story contest, 4 out of every 65 people who visit the story will receive a free DVD. If 455 people visit the store, how many DVDs were given away
Answers (1)
A spinner with 6 equally sized slices is shown below. The dial is spun and stops on a slice at random. What is the probability that the dial stops on a black slice?
Answers (1)