Luke has a life insurance policy that will pay his family $29,000 per year if he
dies. If interest rates are at 5.4% 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. $53,703.70
O B. $53,703,703.70
O C. $537,037.04
O D. $5,370,370.37
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