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3. Consider a four-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (a)(15%). Using

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3. Consider a four-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (a)(15%). Using Table 15.3, calculate the single premium for the four-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (b)(13%). Ignoring expenses, what would be the policy's expected balance (i.e., value or a sum which should be in the account) equal after three years? 3. Consider a four-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (a)(15%). Using Table 15.3, calculate the single premium for the four-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (b)(13%). Ignoring expenses, what would be the policy's expected balance (i.e., value or a sum which should be in the account) equal after three years

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