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Sara is 62 years old and has a whole life policy with the following features: Annual premium = $900 Cash value on January 1, 2018

Sara is 62 years old and has a whole life policy with the following features: Annual premium = $900 Cash value on January 1, 2018 = $400,000 Cash value on December 31, 2018 = $405,000 After-tax earning rate = 5% Current dividend = $600 Death benefit = $850,000 What is her CPT? $34.48 $35.29 $33.17 $34.23

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