Register
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
129k views
1 vote
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?

User Thomas Fritz
by
4.7k points

2 Answers

4 votes

Answer:

$950,000

Explanation:

User Laslowh
by
4.7k points
3 votes

Answer:

Explanation:

1.520

User Roman SL
by
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
Need answer to math problem!!!​
Which property is shown in the problem below? -8(x-3y-9) = -8x+24y+72 A the associative property B the commutative property C the distributive property D the division property ASAP
Link Copied!