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Consider a four-year term life insurance policy with a face amount equal to $100,000 for a 40-year-old with an interest rate of 10%. (15%). Using
Consider a four-year term life insurance policy with a face amount equal to $100,000 for a 40-year-old with an interest rate of 10%.
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(15%). Using Table 15.3, calculate the single premium for the four-year term life insurance policy with a face amount equal to $100,000 for a 40-year-old with an interest rate of 10%.
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(13%). Ignoring expenses, what would be the policys expected balance (i.e., value or a sum which should be in the account) equal after three years?
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