Sal has a life insurance policy that will pay his family $38,000 per year if he dies. If interest rates are at 4.0% when the insurance company has to pay, what is the amount of the lump sum that the insurance

Sal has a life insurance policy that will pay his family $38,000 per year if he dies. If interest rates are at 4.0% 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?

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Sal has a life insurance policy that will pay his family $38,000 per year if he dies. If interest rates are at 4.0% when the insurance company has to pay, what is the amount of …

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