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Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies. If interest rates are at 1.4% when the

Gertrude has a life insurance policy that will pay her family $97,000 per year if she dies. If interest rates are at 1.4% 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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