Ask Question
Today, 06:52

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?

+4
Answers (1)
  1. Today, 10:48
    0
    29550

    Step-by-step explanation:

    1.5 percent of 30000 is 450, so subtract 450 from 30000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” 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