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Estimate the cash value of a life insurance policy as of December 31, 2016 based on the following information: Cash value as of January 2016

Estimate the cash value of a life insurance policy as of December 31, 2016 based on the following information:

Cash value as of January 2016 $90,000

Total premium during the year $ 8,000

Term life annual cost $ 525

Annual expense charge $ 300

Expected return on the policy for 2016 6 %

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