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
What times what equals 23?
Answers (2)
This shape is made using three semicircles The smaller semicircle have diameters of 10cm Calculate the shaded area Take 3.142 and write down all the digits given be the calculator
Answers (1)
Write the fractional notation for 1.001
Answers (1)
Solve the system of nonlinear equations: 4x - y = 4 x^2 - y = - 1
Answers (1)
Although the mean iq score is 100, the distribution of scores is not symmetrical around 100. why not?
Answers (1)
New Questions in Mathematics
Simplify 6x + 6 + 5x - 8. 11x - 2 11x + 2 9x
Answers (1)
Let r={0, 1, 2, 3} be the range of h (x) = x - 7. the domain of h - 1 (x) is
Answers (1)
For the problem 135/5, draw two different ways to break apart the array. Use the Distributive property to write products for each different way.
Answers (1)
Given the equation StartFraction 2 x + 2 Over y EndFraction = 4 w + 2 what is the value of x?
Answers (2)
Elizabeth brought a box of doughnuts to share. there are two-dozen (24) doughnuts in the box, all identical in size, shape and color. five are jelly-filled, 5 are lemon filled, and 14 are custard-filled.
Answers (2)