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Samuel has a life insurance policy that will pay his family $40,000 per year if he dies. If interest rates are at 4.0% 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?

Respuesta :

40,000/%4.0=38,400 so $30,400 would be your answer.

Answer:

1 millions -apex

Step-by-step explanation:

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