Suppose you are 35 and have a $105,000 face amount 15-year, lmited-payment, participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $945. The cash value of the policy is expected to be $4,200 in 15 years. Using time value of money and assuming you could invest your money elsewhere for a 8 percent annual yield, calculate the net cost of Insurance. Use Exhibit 1.8. (Do not round Intermediate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number.) Net cont of insurance 1-3 Future value (compounded sum) of St paid in at the end of each period for a given number of time periods (an annuity) 1.000 3,000 1000 1.000 1000 OTO 200 1000 HO 1.000 1000 1000 1.000 2.00 1,000 23 1000 SINT KNE STRE 000 S 23 101 530 SO - 3750 lore 103 SO DO 2523 200 TED 130m 10 11 TI 1051 TO 12 H JOGO DE FE 11 110 JOS 05 192361 TI TO 12 THE TO SCH 2212 113 T IWC 09 10 SED DC BAY 101 DO LO R San IM JELSE 4701 OZONE w TA HO WORD TO DIEGO an DECEMBER 2 TH LON CALLE CELE ES CE RE PLE REN CHILI DS HE