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5. A universal life policy currently has an account value of $100.00. The balance is credited with $8.00 of interest each month and has a

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5. A universal life policy currently has an account value of $100.00. The balance is credited with $8.00 of interest each month and has a monthly cost of insurance deduction of $38.00. There are no other fees or charges, and no premium is paid. How many policy months remain before the policy enters the grace period? a. 1 b. 2 c. 4 d. 6

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