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19 September, 22:40

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

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Answers (2)
  1. 20 September, 00:33
    0
    48,000

    Step-by-step explanation:

    a p e x
  2. 20 September, 02:26
    0
    Money to expect if Walter dies is $1.248Million

    Step-by-step explanation:

    The interest on the money is calculated.

    Hence 104% of $1.2Million is calculated.

    Therefore 1.04*1200000 = 1248000
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