Mathematics, 19.03.2020 21:01 ElegantEmerald

Paul has a life insurance policy that will pay his family $30,000 per year if he
dies. If interest rates are at 1.5% 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?

Answers: 2

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Paul has a life insurance policy that will pay his family $30,000 per year if he
dies. If inte...

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Paul has a life insurance policy that will pay his family $30,000 per year if he dies. If interest rates are at 1.5% 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?

Answers

Another question on Mathematics

Paul has a life insurance policy that will pay his family $30,000 per year if he
dies. If interest rates are at 1.5% 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?