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Chapter 12 Problem Set 10 Send Allen has purchased a whole life policy with a death benefit of $170.000 Assuming that he dies in 9

Chapter 12 Problem Set 10 Send Allen has purchased a whole life policy with a death benefit of $170.000 Assuming that he dies in 9 years and the average inflation has been 3 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.) 1 points Purchasing power of proceeds ences

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