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Q 3 ) David purchased a $ 1 0 0 , 0 0 0 participating whole life policy. The annual premium is $ 2 ,

Q3) David purchased a $100,000 participating whole life policy. The annual premium is $2,280, Projected dividends for the first 20 years are $15,624. The cash value after 20 years will be $35,260. If the premiums were invested at 5 percent interest for 20 years, the premiums would grow to $79,156. If the dividends were accumulated at 5 percent interest for 20 years, they would grow to be $24,400. The amount to which $1 deposited annually will accumulate in 20 years at 5 percent interest is $34.719. Based on this information, what is the net payment cost per thousand per year of David's policy over the 20-year period?
Total premiums for 20 years, each accumulated at 5%$
Subtract dividends for 20 years, each accumulated at 5%
Insurance cost for 20 years $
Amount to which $1 deposited annually will accumulate to in 20 years at 5%
For the interest-adjusted cost per year, $
For the cost per $1000 per year, $
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