Mathematics

Maxim

6 March, 01:20

Harry has a life insurance policy that will pay his family $42,000 per year if he

dies. If interest rates are at 2.5% 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?

A. $1 million

B. $350,000

c. $3.5 million

D. $1.68 million

+2

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