laneypooh8278 laneypooh8278

03-04-2020
Business

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If a person has $500,000 in cash values in his life insurance policy available at age 65 and has the option of receiving a Life income annuity for 25 years, what is the annual income provided if a 4% interest rate is used

Respuesta :

gator1495 gator1495

03-04-2020

Answer:

20,000

Explanation:

500,000×.04=20,000

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