Mathematics, 14.04.2021 23:10 nixie167

Sal has a life insurance policy that will pay his family $38,000 per year if he dies. If interest rates are at 4.0% 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. $950,000
B. $1 million
C. $1.4 million
D. $3.5 million

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Sal has a life insurance policy that will pay his family $38,000 per year if he dies. If interest r...

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