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Business, 29.03.2021 19:00 hunterbetterton1

Question 8 of 36 Gertrude has a life insurance policy that will pay her family $97,000 per year if
she dies. If interest rates are at 1.4% 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?
A. $692,857.14
B. $692,857,142.90
C. $69,285,714.29
D. $6,928,571.43

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Answers: 1

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Question 8 of 36 Gertrude has a life insurance policy that will pay her family $97,000 per year if<...
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