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5. The following table provides information about a universal life policy. Fill in the table. Year 1 Year 2 Year 3 Cash value at beginning
5. The following table provides information about a universal life policy. Fill in the table. Year 1 Year 2 Year 3 Cash value at beginning of $10,000 the year Premium payment at the beg of the year Mortality cost 1,000 550 100 1,000 600 50 5% 1,500 675 50 5% Expense cost Interest rate for crediting cash! 6% value Credited interest Cash value at end of the year
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