Suppose you are 30 and have a $85,000 face amount, 20-year, limited-payment, participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $765. The cash value of the policy is expected to be $3,400 in 20 years. Using time value of money and assuming you could invest your money e sewnere at an annual yield of 7 percent, calculate the net cost of insurance. Use Exhibit 1-B (Do not round Intermedlate calculations. Round time value factor to 3 decmal places and final answer to the nearest whole number.) K Prex 6 of Next >