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Mr. Wilson is 48 years old. In four years, his house will be paid off and his daughter will be finished with college. He wants

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Mr. Wilson is 48 years old. In four years, his house will be paid off and his daughter will be finished with college. He wants to take out a five-year level- term life insurance policy with a face value $700,000. The monthly premium is $65. (Lesson 09.06) Be consistent with commas. a. What will be his total cost for this policy over the 5-year period? $ b. If he dies after paying for the policy for 27 months, how much will the insurance company pay his beneficiaries? $ c. If he does not die during the five years, how much does the insurance company profit on this policy? $ d. If he dies after paying for the policy for 19 months, how much will the insurance company lose on this policy? $

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