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Allen has purchased a whole life policy with a death benefit of $190,000. Assuming that he dies in 8 years and the average inflation has

Allen has purchased a whole life policy with a death benefit of $190,000. Assuming that he dies in 8 years and the average inflation has been 2 percent, what is the value of the purchasing power of the proceeds? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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