Suppose you are 30 and have a $115,000 face amount, 2 participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $1,035. The cash value of the policy is expected to be $4,600 in 20 years. Using time value of money and assuming you could invest your money elsewhere at an annual yield of 7 percent, calculate the net cost of Insuran not round intermedlate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number.) 0-year, limited-payment, ce. Use Exhibit 1-8. (Do cost of insura Prey --10 of 11 Next > F3 OO F4 F5 FT 2 3 4