Samuel has a life insurance policy that will pay his family $40,000 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?
O
A. $1 million
O
B. $350,000
O
C. $3.5 million
O
D. $1.4 million
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Samuel has a life insurance policy that will pay his family $40,000 per year if he dies. If interest rates are at 4.0% when the insurance ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Find the remainder when f (x) = 2x3 - 3x2 + 7x - 7 is divided by 2x - 1, and use it to determine if 2x - 1 is a factor. - 5.625; it is not a factor -4; it is not a factor -1.5; it is not a factor 0; it is a factor
Answers (1)
The distance from Phoenix to Tucson is 120 miles. A car made the journey in 1 hour and 45 minutes. What was the average speed of the car in miles per hour?
Answers (1)
A 6000-seat theater has tickets for sale at $28 and $40. How many tickets should be sold at each price for a sellout show to generate a total revenue 194400 The number of tickets for sale at $28 should be The number of tickets for sale at $40 should
Answers (1)
If g (x) = ^x-3 which statement is true
Answers (2)
Order rational numbers least to greatest, 3/5, 1/3, 1, 0.5, 2, 6/8, 0.25.
Answers (1)
New Questions in Mathematics
What is the solution set of x ∪ x
Answers (1)
Nathan stated that any number (except 0) raised to the zeroth power is equal to 1. Is Nathan correct or incorrect? If Nathan is correct, create an example to back him up.
Answers (1)
What is the factor expression for 100 + 75
Answers (1)
Which of the x-values are solutions to the following inequality? x<365 Choice A x=99 Choice B x = 361 Choice C x = 370
Answers (1)
As viewed from Cliff 360 m above sea level the angle of depression of a ship is to 28° how far is the ship from the shore
Answers (1)