Gertrude has a life insurance policy that will pay her family $97,000 per year if
she dies. If...
Mathematics, 30.03.2020 20:16 Kaaaynicole
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?
O A. $692,857.14
O B. $692,857,142.90
O C. $6,928,571.43
O D. $69,285,714.29
Answers: 3
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