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Mathematics, 25.10.2019 16:43 taleiayarbough9783
Katherine has a life insurance policy that will pay her family $35,000 per year if she dies. katherine's insurance company expects that it would have to put $1,400,000 into a bank account so that it could make the payments. what does katherine's insurance company expect the interest rate to be?
a) 0.4%
b) 1.6%
c) 2%
d) 2.5%
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Answers: 2
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