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David purchased a $ 1 0 0 , 0 0 0 participating whole life policy. The annual premium is $ 2 , 2 8 0
David purchased a $ participating whole life policy. The annual premium is $ Projected dividends for the first years are $ The cash value after years will be $ If the premiums were invested at percent interest for years, the premiums would grow to $ If the dividends were accumulated at percent interest for years, they would grow to be $ The amount to which $ deposited annually will accumulate in years at percent interest is $ Based on this information, what is the surrender cost per thousand per year of David's policy over the year period?
Total premiums for years each accumulated at
Subtract dividends for years, each accumulated at
Net premiums for years $
Subtract the cash value at the end of years
Insurance cost for years $
Amount to which $ deposited annually will accumulate to in years at $
For the interestadjusted cost per year, $
For the cost per $ per year, $
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