Mathematics, 22.05.2020 04:07 genyjoannerubiera

Earl has a life insurance policy that will pay his family $59,000 per year if he

dies. If interest rates are at 3.3% 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

O

A. $17,878,787.88

B. $178,787.88

O

c. $178,787,878.80

O

D. $1,787,878.79

Answers: 3

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Earl has a life insurance policy that will pay his family $59,000 per year if he

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