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9. All purchased a $100,000 participating whole life policy. The annual premium is $2.280 Projected dividends for the first 20 years are $15,624. The cash
9. All purchased a $100,000 participating whole life policy. The annual premium is $2.280 Projected dividends for the first 20 years are $15,624. The cash value after 20 years will be $35 280. If the premiums were invested at 5 percent for 20 years, the premiums would grow to $79,156. If the dividends were accurritated at 5 percent for 20 years, they would grow to be $24.400 Based on this information, what is the net payment cost per thousand per year af All's policy over the 20-year period? Point) $5.62 $13.75 $15.77 $2738
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