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An insured 25 year old purchased a $75,000, 20-year endowment policy. Five years later he needed to borrow $30,000. After borrowing the maximum on his
An insured 25 year old purchased a $75,000, 20-year endowment policy. Five years later he needed to borrow $30,000. After borrowing the maximum on his insurance, how much more did the insured need to borrow elsewhere? (1 year = 12 months).
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