Harry has a life insurance policy that will pay his family $42,000 per year if hedies. 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. $1 million
B. $350,000
c. $3.5 million
D. $1.68 million

Answers

Answer 1

Answer:

The insurance company must put $1.68 million into a bank account.

What is insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing.

We have, P= $42, 000

R= 2.5%

Using Simple interest,

SI = PRT / 100

Here, the interest is 42000 then

42000 = 2.5P/100

4200000 = 2.5 P

P = 4200000/ 2.5

P = 1,680,000

Hence, the insurance company must put $1.68 million into a bank account.

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Answer 2

Answer:

Answer: $1.68 million

Step-by-step explanation:

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Answers

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Answers

Answer:

0.905 qts/s

Step-by-step explanation:

First we have to know the equivalent of each unit

1 gal is equal to 4 qt

1 hour is equal to 3600 sec

Now we have to order each of the units $815 (gal)/(h)$ ⇒ $(4 qt)/(1 gal) *(1 h)/(3600 sec)$

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What is 15% of 63.20?

Answers

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'of' means 'times'.

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A right cylinder has a diameter of 50 mm and a height of 40 mm as shown. What Is the volume of the cylinder.A: 6280mm

B: 78,500 mm

C: 314,000 mm

D: 25,000 mm