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Walter has life insurance policy with a $1.2 million benefit. If this money was put into an account with 4% interest rate, how much income can his beneficiaries expect in case Walter dies?

Respuesta :

Arshavin023

Answer:

Money to expect if Walter dies is $1.248Million

Step-by-step explanation:

The interest on the money is calculated.

Hence 104% of $1.2Million is calculated.

Therefore 1.04×1200000 = 1248000

Answer:

48,000

Step-by-step explanation:

a p e x

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