Mathematics, 18.12.2020 01:50 jt121717

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 ? A. $350,000
B. $3.5 million
C. $1.4 million
D. $1 million

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Marcus has a life insurance policy that will pay his family $35,000 per year if he dies. If interest...

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