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Walter has a life insurance policy with a $1.2 million benefit. If this money was put into an account with a 4% interest rate, how much income can his beneficiaries expect in case Walter dies? A. $48,000
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Walter has a life insurance policy with a $1.2 million benefit. If this money

was put into an account with a 4% interest rate, how much income can his
beneficiaries expect in case Walter dies?
A. $48,000
O B. $20,000
O C. $60,000
O D. $50,000
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User Polarware
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5.0k points

2 Answers

8 votes
A. 48,000 would be the answer
User Xennygrimmato
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5.7k points
9 votes

Answer:

48,000

Explanation:

User Ben Call
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6.2k points
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