Exhibit 1-A Future Value (Compounded Sum) of $1 after a Given Number of Time Periods Exhibit 1-C Present Value of $1 to Be Received at the End of a Given Number of Time Periods Suppose you are 35 and have a $105,000 face amount, 15-year, limited-payment, participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $945. The cash value of the policy is expected to be $4,200 in 15 years. Using time value of money and assuming you could invest your money elsewhere for a 8 percent annual yield, calculate the net cost of insurance. Use (Exhibit1-A, Exhibit1-B, Exhibil 1-C, Exhibit 1-D) Note: Use oppropriate factor(s) from the tables provided. Do not round intermediate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number. Exhibit 1-B Future Value (Compounded Sum) of $1 Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 1x & 2x & 3x & 4x & 5x & 6x & 7x & 8x & 9x & 16x & 11x \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.600 & 1.000 & 1,000 & 1.000 & 1.000 \\ \hline 2 & 2.010 & 2.020 & 2.030 & 2.040 & 2.050 & 2.060 & 2.070 & 2.080 & 2.090 & 2.100 & 2.11 \\ \hline 3 & 3.030 & 3.060 & 3.091 & 3.122 & 3.153 & 3.184 & 3.215 & 3.246 & 3.278 & 3.310 & 3.342 \\ \hline 4 & 4.060 & 4.122 & 4.184 & 4.246 & 4.310 & 4.375 & 4.440 & 4.506 & 4.573 & 4.641 & 4.710 \\ \hline 5 & 5.101 & 5.204 & 5.309 & 5.416 & 5.526 & 5.637 & 5.751 & 5.867 & 5.985 & 6.105 & 6.228 \\ \hline 6 & 6.152 & 6.308 & 6.468 & 6.633 & 6.802 & 6.975 & 7.153 & 7.336 & 7.523 & 7.716 & 7.913 \\ \hline 7 & 7.214 & 7.434 & 7.662 & 7.898 & 8.142 & 8.394 & 8.654 & 8.923 & 9.200 & 9.487 & 9.783 \\ \hline 8 & 8.286 & 8.583 & 8.892 & 9.214 & 9.549 & 9.897 & 10.260 & 10.637 & 11.028 & 11.436 & 11.859 \\ \hline 9 & 9.369 & 9.755 & 10.159 & 10.583 & 11.027 & 11.491 & 11.978 & 12.488 & 13.021 & 13.579 & 14.164 \\ \hline 10 & 10.462 & 10.950 & 11.464 & 12.006 & 12.578 & 13.181 & 13.816 & 14.487 & 15.193 & 15.937 & 16.722 \\ \hline 11 & 11.567 & 12.169 & 12.808 & 13.486 & 14,207 & 14.972 & 15.784 & 16.645 & 17.560 & 18.531 & 19.561 \\ \hline 12 & 12.683 & 13,412 & 14.192 & 15.026 & 15.917 & 16.870 & 17.888 & 18.977 & 20.141 & 21.384 & 22.713 \\ \hline 13 & 13.809 & 14.680 & 15.618 & 16.627 & 17.713 & 18.882 & 20.141 & 21.495 & 22.953 & 24.523 & 26.212 \\ \hline 14 & 14,947 & 15.974 & 17.086 & 18.292 & 19.599 & 21.015 & 22.550 & 24.215 & 26.019 & 27.975 & 30.095 \\ \hline 15 & 16.097 & 17.293 & 18.599 & 20.024 & 21.579 & 23.276 & 25.129 & 27.152 & 29.361 & 31.772 & 34.495 \\ \hline 16 & 17.258 & 18,639 & 20.157 & 21.825 & 23.657 & 25.673 & 27.888 & 30.324 & 33.093 & 35.950 & 39.190 \\ \hline 17 & 18.430 & 20.012 & 21.762 & 23.698 & 25,840 & 28.213 & 30.840 & 33.750 & 36.974 & 46.545 & 44.501 \\ \hline 18 & 19.615 & 21,412 & 23.414 & 25.645 & 28.132 & 30.906 & 33.999 & 37.450 & 41.301 & 45.599 & 50.396 \\ \hline 19 & 20.811 & 22.841 & 25.117 & 27.671 & 30.539 & 33.760 & 37.379 & 41,446 & 46.018 & 51.159 & 56.939 \\ \hline 28 & 22.019 & 24.297 & 26.870 & 29.778 & 33.066 & 36.786 & 40.995 & 45.762 & 51.160 & 57.275 & 64.203 \\ \hline 25 & 28.243 & 32.038 & 36.459 & 41.646 & 47.727 & 54.865 & 63.249 & 73.106 & 84.791 & 98.347 & 114.413 \\ \hline 30 & 34.785 & 40.568 & 47.575 & 56.085 & 66.439 & 79.058 & 94.461 & 113.283 & 136.308 & 164.494 & 199.021 \\ \hline 40 & 48.886 & 60.402 & 75.401 & 95.026 & 120.600 & 154.762 & 199.635 & 259.057 & 337.882 & 442.593 & 581.826 \\ \hline 50 & 64,463 & 64.579 & 112.797 & 152.667 & 209.348 & 290.336 & 406.529 & 573.778 & 815.084 & 1,163.909 & 1,668.771 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 12x & 13x & 14x & 15x & 16x & 17x & 18x & 19x & 20x & 25x & 36 \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1. 600 & 1.060 & \\ \hline 2 & 2.120 & 2.130 & 2.140 & 2.150 & 2.160 & 2.17 & 2.180 & 2.190 & 2.200 & 2.250 & 2.369 \\ \hline 3 & 3.374 & 3.487 & 3.440 & 3.473 & 3.506 & 3.539 & 3.572 & 3.606 & 3.64 & 3.813 & 3.990 \\ \hline 4 & 4.779 & 4.850 & 4.921 & 4.993 & 5.066 & 5.141 & 5.215 & 5.291 & 5.368 & 5.766 & 6.187 \\ \hline 5 & 6.353 & 6.480 & 6.610 & 6.742 & 6.877 & 7.014 & 7.154 & 7.297 & 7.442 & 8.27 & 9.043 \\ \hline 6 & 8.115 & 8.323 & 8.536 & 8.754 & 8.977 & 9.207 & 9.442 & 9.683 & 9.93 & 11.259 & 12.756 \\ \hline 7 & 10.089 & 10.495 & 18.730 & 11.067 & 11.414 & 11.772 & 12.142 & 12.523 & 12.916 & 15.073 & 17.583 \\ \hline 8 & 12.300 & 12.757 & 13.233 & 13.727 & & 14.773 & 15.327 & 15.902 & 16.499 & 19.842 & 23.858 \\ \hline 9 & 14,776 & 15.416 & 16.085 & 16.786 & 17.519 & 18.285 & 19.086 & 19.923 & 20.799 & 25.802 & 32.015 \\ \hline 10 & 17.549 & 18.420 & 19.337 & 20.364 & Tilititi. 21.321 & 22.393 & 23.521 & 24.709 & 25.959 & 33.253 & 42.619 \\ \hline 11 & 20.655 & 21.814 & 23.045 & 24.349 & 25.733 & iiliili) 27.200 & 28.755 & 30.464 & 32.150 & 42.566 & 56.465 \\ \hline 12 & 24.133 & 25.650 & 27.271 & IIIIII) 29.002 & 3 ifilin 39.850 & \begin{tabular}{ll|l|} & 32.824 \\ \end{tabular} & 34.931 & 37.180 & 39.581 & 54.208 & 74.327 \\ \hline 13 & 28.029 & 29.985 & & 4 i 34.352 & & & 42.219 & 45.244 & 48.497 & 68.760 & 97.625 \\ \hline 14 & 32.393 & 34.883 & \begin{tabular}{l} 37.581 \\ \end{tabular} & 40.505 & Iilitiil 43.672 & 47.103 & 50.818 & 54.841 & 59.196 & 86.949 & 127.913 \\ \hline 15 & 1/1/1/37.280 & 40.417 & 43.842 & & I 51.660 & 56.110 & 60.965 & 66.261 & 72.035 & 109.687 & 167.286 \\ \hline 16 & 42.753 & 46.672 & 50.980 & \begin{array}{l} 55.717 \\ \end{array} & 68.925 & \begin{tabular}{|r|} 111116,649 \\ \end{tabular} & 72.939 & 79.850 & 87.442 & 138.109 & 218.472 \\ \hline 17 & 46.684 & 53.739 & \begin{tabular}{|c|c|} 1111189 \\ \end{tabular} & & & \begin{tabular}{|c|} IIIII) 78.979 \\ \end{tabular} & 87.068 & 96.022 & 105.931 & 173.636 & 285.014 \\ \hline 18 & 55.756 & 61.725 & \begin{tabular}{|c|} 1178.394 \\ \end{tabular} & & IIIIII|| 84.141 & IIIIII 93.406 & 103.740 & 115.266 & 128.117 & 218.045 & 371.518 \\ \hline 19 & 63.440 & 70.749 & 78.969 & 86.212 & IIIIIII 98.603] & 1111110.285 & 123.414 & 138.166 & 154,749 & 273.556 & 483.973 \\ \hline 28 & 72052 & 80.947 & 91.025 & 102.444 & \begin{tabular}{ll} 115.380 \\ \end{tabular} & \begin{tabular}{|c|c|} & 130.033 \\ \end{tabular} & 146.628 & 165.418 & 186.688 & 342.945 & 630.165 \\ \hline 25 & 133.334 & 155.628 & 181.871 & 212.793 & & \begin{tabular}{|l|l|} 292.105 \\ \end{tabular} & IIIII| 342.603 & 402.042 & 471.961 & 1,054.791 & 2,348,803 \\ \hline 36 & 241.333 & 293.199 & 11356.787 & 434.745 & 530.312 & \begin{tabular}{|l|l|} III & 647.439 \\ \end{tabular} & 790.948 & 966.712 & 1,181.882 & 3,227.174 & 8,729.985 \\ \hline 40 & 767.091 & 1,013.704 & 1,342.025 & 1,779.090 & 2,360.757 & 13,134.522 & 4,163.213 & 5,529.829 & 7,343.858 & 39,088.655 & 120,392.883 \\ \hline 50 & 2,460.018 & 3,459.587 & 4,994.521 & 7,217.716 & 10,435.649 & 15,089.502 & 21,813,094 & 31,515.340 & 45,497.191 & 280,255.693 & 1,659,760.743 \\ \hline \end{tabular} Exhibit 1-D Present Value of \$1 Received at the End of Each Period for a Given Number of Time Periods (an Annuity) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 1x & 2x & 3x & 4x & 5x & 6x & 7x & 8x & 9x & 16% & 118 & 128 \\ \hline 1 & 0.990 & 0.980 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 & 0.901 & 0.893 \\ \hline 2 & 1.970 & 1.942 & 1.913 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.759 & 1.736 & 1.713 & 1.690 \\ \hline 3 & 2.941 & 2.884 & 2.829 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.531 & 2.487 & 2.444 & 2.482 \\ \hline 4 & 3.902 & 3.808 & 3.717 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.24 & 3.17 & 3.102 & 3.037 \\ \hline 5 & 4.853 & 4.713= & 4.580 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.890 & 3.791 & 3.696 & 3.605 \\ \hline 6 & 5.795 & 5.681 & 5.417 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.486 & 4.355 & 4.231 & 4.111 \\ \hline 7 & 6.728 & 6.472 & 6.230 & 6.002 & 5.786 & 5.582 & 5.389 & 5.286 & 5.033 & 4.868 & 4.712 & 4.564 \\ \hline 8 & 7.652 & 7.325 & 7.020 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.535 & 5.335 & 5.146 & 4.968 \\ \hline 9 & 8.566 & 8.162 & 7.786 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.995 & 5.759 & 5.537 & 5.328 \\ \hline 10 & 9.471 & 8.983 & 8.530 & 8.111 & 7.722 & 7.360 & 7.824 & 6.71 & 6.418 & 6.145 & 5.889 & 5.650 \\ \hline 11 & 10.368 & 9.787 & 9.253 & 8.760 & 8.366 & 7.887 & 7.499 & 7.139 & 6.895 & 6.495 & 6.287 & 5.938 \\ \hline 12 & 11.255 & 10.575 & 9.954 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 7.161 & 6.814 & 6.492 & 6.194 \\ \hline 13 & 12.134 & 11.348 & 10.635 & 9.986= & 9.394 & 8.853 & 8.358 & 7.964 & 7.487 & 7.163 & 6.75 & 6.424 \\ \hline 14 & 13.064 & 12.106 & 11.296 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.786 & 7.367 & 6.982 & 6.628 \\ \hline 15 & 13.865 & 12.849 & 11.938 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 8.061 & 7.606 & 7.191 & 6.811 \\ \hline 16 & 14.718 & 13.578 & 12.561 & 11.652= & 10.838 & 10.106 & 9.447 & 8.851 & 8.313 & 7.824 & 7.379 & 6.974 \\ \hline 17 & 15.562 & 14.292= & 13.166 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.544 & 8.022 & 7.549 & 7.12 \\ \hline 18 & 16.398 & 14.992 & 13.754 & 12.659 & 11.690 & 16.828 & 10.059 & 9.372 & 8.756 & 8.281 & 7.782 & 7.250 \\ \hline 19 & 17.226 & 15.678 & 14.324 & 13.134 & 12.085 & 11.158 & 10.336 & 9.664 & 8.950 & 8.365 & 7.839 & 7.366 \\ \hline 20 & 18.046 & 16.351 & 14.877 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818= & 9.129 & 8.514 & 7.963 & 7.469 \\ \hline 25 & 22.023 & 19.523 & 17.413 & 15.622 & 14.094 & 12.783 & 11.654 & 18.675 & 9.823 & 9.077 & 8.422 & 7.843 \\ \hline 30 & 25.808 & 22.396 & 19.600 & 17.292 & 15.372 & 13.765 & 12.409 & 11.258 & 18.274 & 9.427 & 8.694 & 8.055 \\ \hline 40 & 32.835 & 27.355 & 23.115 & 19.793 & 17.159 & 15.846 & 13.332 & 11.925= & 10.757 & 9.779 & 8.951 & 8.244 \\ \hline 58 & 39.196 & 31.424= & 25.730 & 21.482 & 18.256 & 15.762 & 13.801 & 12.233 & 10.962 & 9.915 & 9.642 & 8.384 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 13x & 14x & 15x & 16x & 17x & 18x & 19% & 20 & 25x & 30% & 35% & 46x & 50 \\ \hline 1 & 0.885 & 0.877 & 8.870 & 0.862 & 0.855 & 0.847 & 0.840 & 0.833 & 0.800 & 0.769 & 0.741 & 0.714 & 0.667 \\ \hline 2 & 1.668 & 1.647 & 1.626 & 1.605 & 1.585 & 1.566 & 1.547 & 1.528 & 1.440 & 1.361 & 1.289 & 1.224 & 1.111 \\ \hline 3 & 2.361= & 2.322 & 2.283 & 2.246 & 2.210 & 2.174 & 2.140 & 2.106 & -1.952 & 1.816 & 1.696 & 1.589 & 1.487 \\ \hline 4 & 2.974= & 2.914 & 2.855 & 2.798 & 2.743 & 2.690 & 2.639 & 2.589 & 2.362 & 2.166= & 1.997 & 1.849 & 1.605 \\ \hline 5 & 3.517 & 3.433= & 3.352 & 3.274 & 3.199 & 3.127 & 3.058 & 2.991 & 2.689 & 2.436 & 2.220 & 2.035 & 1.737 \\ \hline 6 & 3.998= & 3.889 & 3.784 & 3.685 & 3.589 & 3.498 & 3.410 & 3.326 & 2.951 & 2.643 & 2.385 & 2.168 & 1.824 \\ \hline 7 & 4.423 & 4.288 & 4.160 & 4.039 & 3.922 & 3.812 & 3.706 & 3.605 & 3.161 & 2.802 & 2.508 & 2.263 & 1.883 \\ \hline 8 & 4.799= & 4.639 & 4.487= & 4.344 & 4.207 & 4.078 & 3.954 & 3.837 & 3.329 & 2.925 & 2.598 & 2.331 & 1.922 \\ \hline 9 & 5.132 & 4.946 & 4.772 & 4.687 & 4.451 & 4.303 & 4.163 & 4.031 & 3.463 & 3.819= & 2.665 & 2.379 & 1. 948 \\ \hline 18 & 5.426 & 5.216 & 5.019 & 4.833 & 4.659 & 4.494 & 4.339 & 4.192 & 3.571 & 3.092 & 2.715 & 2.414 & 1.965 \\ \hline 11 & 5.687 & 5.453 & 5.234 & 5.029 & 4.836 & 4.656 & 4.486 & 4.327 & 3.656 & 3.147 & 2.752 & 2.438 & 1.977 \\ \hline 12 & 5.918 & 5.660= & 5.421= & 5.197 & 4.988 & 4.793= & 4.611= & 4.439= & 3.725 & -3.190 & 2.779 & 2.456 & 1.985 \\ \hline 13 & 6.122 & 5.842 & 5.583= & 5.342 & 5.118 & 4.916 & 4.715 & 4.533 & 3.780 & 3.223 & 2.799 & 2.469 & 1.990 \\ \hline 14 & 6.302= & 6.602 & 5.724 & 5.468 & 5.229 & 5.098 & 4.802 & 4.611 & 3.824 & 3.249 & 2.814 & 2.478 & 1.993 \\ \hline 15 & 6.462= & 6.142= & 5.847= & -5.575 & 5.324= & 5.092 & 4.876 & 4.675 & 3.859 & 3.268 & 2.825 & 2,484 & 1.995 \\ \hline 16 & 6.604 & 6.265 & 5.954 & 5.668 & 5.405 & 5.162 & 4.938 & 4.730= & 3.887 & 3.283= & 2.834 & 2.489 & 1.997 \\ \hline 17 & 6.729 & 6.373= & 6.647= & 5.749= & 5.475 & 5.222 & 4.990 & 4.775 & 3.910 & 3.295 & 2.848 & 2.492 & 1.998 \\ \hline 18 & 6.840 & 6.467= & 6.128 & 5.818 & 5.534 & 5.273 & 5.033 & 4.812 & 3.928 & 3.394 & 2.844 & 2.494 & 1.999 \\ \hline 19 & 6.938= & 6.550= & 6.198= & 5.877 & 5.584 & 5.316 & 5.070 & 4.843 & 3.942 & 3.311 & 2.848 & 2.496 & 1.999 \\ \hline 20 & 7.025 & 6.623= & 6.259 & 5.929= & 5.628 & 5.353 & 5.101 & 4.876= & 3.954 & 3.316 & 2.850 & 2.497 & 1.999 \\ \hline 25 & 7.330 & 6.873 & 6.464 & 6.097 & 5.766 & 5.467 & 5.195 & 4.948 & 3.985 & 3.329 & 2.856 & 2.499 & 2.009 \\ \hline & 7.496 & 7.003= & 6.566 & 6.177 & 5.829 & 5.517 & 5.235 & 4.979 & 3,995 & 3.332 & 2.857 & 2.500 & 2.000 \\ \hline 40 & 7.634 & 7.105= & 6.642 & 6.233 & 5.871 & 5.548 & 5.258 & 4.997 & 3.999 & 3.333 & 2.857 & 2.500= & 2.000 \\ \hline 50 & 7.675 & 7.133 & 6.661 & 6.246 & 5.880= & 5.554 & 5.262 & 4.999 & 4.000 & 3.333 & 2.857 & 2.500 & 2.000 \\ \hline \end{tabular}