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Calculate the following nonforfeiture options for Lee Chin, age 42, who purchased a $200,000 straight- life policy. At the end of year 20, Lee stopped

Calculate the following nonforfeiture options for Lee Chin, age 42, who purchased a $200,000 straight- life policy. At the end of year 20, Lee stopped paying premiums. Cash surrender value - Reduced paid-up insurance- Extended term insurance

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