Mathematics, 31.12.2020 22:40 mantha0402

Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies. If interest rates are at 1.4% 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? A. $692,857.14
B. $692,857,142.90
C. $69,285,714.29
D. $6,928,571.43

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Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies. If inter...

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