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Jonathan has purchased a whole life policy with a death benefit of $100,000, a current cash value of $40,000, and inflation is averaging 4%/year. If
Jonathan has purchased a whole life policy with a death benefit of $100,000, a current cash value of $40,000, and inflation is averaging 4%/year. If Jonathan were to die in 8 years, what is the value of the purchasing power of the proceeds?
A.$ 73,069
B.$136,857
C.$100,000
D.$ 73,053
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