2. After graduation you will be hounded by insurance agents interested in selling you "whole life" or "universal life" insurance. Assume (realistically) that there is a plan which you pary $450 per month for 20 years, and then you have your ( $100,000 life insurance policy "paid up" for life (you never have to pay any more premiums, but you are guaranteed a $100,000 payout whenever you die). You make payments at the end of each month for a total of 240 payments. You want to compare the value of that plan to buying term insurnee which costs you $95 per month for a $100,000 policy with the rate guaranteed for 20 years (in other words you would pay the $95 monthly premium for 20 years, then drop the policy and your coverage would end). The relevant comparison is to look at investing the difference (between the 5450 and the 595 ) and see how long it would take you to accumulate the $100,000 in an account so you could "self-insure". Assume you can carn 9% (annual) on the invested differense (but remember you are investing and compoundiag monthly). How long will it take you to accumulate $100,000 ? How much will you have ascumulated at the end of 20 years? Solve the problem using the "Brute Force Method for finding monthly Future Values" in a spreadsheet