Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies.

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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?

Related Book For answer-question

Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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Posted Date: Mar 22, 2023 03:59 AM

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Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies.

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Principles Of Taxation For Business And Investment Planning 2019 Edition

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