Mathematics, 10.03.2020 18:42 tmgoddess2004
Marcus has a life insurance policy that will pay his family $35,000 per year if
he dies. If interest rates are at 2.5% 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. $3.5 million
O
O
O
B. $1 million
c. $1.4 million
D. $350,000
SUBMI
Answers: 1
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Onnie is considering doing some long term investing with money that she inherited. she would like to have $50,000 at the end of 30 years. approximately how much money would lonnie need to put into an account earning 6% interest compounded annually in order to meet her goal?
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Marcus has a life insurance policy that will pay his family $35,000 per year if
he dies. If in...
he dies. If in...
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