lyrickw005 lyrickw005

15-05-2020
Mathematics

contestada

Bette has a life insurance policy that will pay her family $40,000 per year if
she dies. Bette's insurance company expects that it would have to put
$2,500,000 into a bank account so that it could make the payments. What
does Bette's insurance company expect the interest rate to be?

Respuesta :

TheWarden TheWarden

28-05-2020

Answer:

1.6%

Step-by-step explanation:

Solve for r

40,000=(2,500,000)(r/100)(1)

40,000=(25,000)r

r=40,000/25,000

r=1.6

Answer Link

littlexwing2005 littlexwing2005

16-02-2021

Answer:

1.6%

Step-by-step explanation:

<3

Answer Link

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