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Please help me with the following question. Thank you very much. The following table provides information about a universal life policy. Fill in the table
Please help me with the following question. Thank you very much.
The following table provides information about a universal life policy. Fill in the table after each dollar sign($). Round to two decimal places when calculating your answer. (6 points)
| Year 1 | Year 2 | Year 3 |
Cash Value at beginning of year | $9,000 | $ | $ |
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Premium payments made at beginning of year | $1,000 | $800 | $1,200 |
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Mortality cost | $500 | $600 | $700 |
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Expense cost | $150 | $50 | $50 |
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Interest rate used for crediting cash value | 4.0% | 5.0% | 4.0% |
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Credited interest | $ | $ | $ |
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Cash Value at end of year | $ | $ | $ |
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