Suppose you are 46 and have a $130,000 face amount, 14-year, limited-payment participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $455. The cash value of the policy is expected to be $5,200 in 14 years. Using time value of money and assuming you could invest your money elsewhere at an annual yield of 8 percent, calculate the net cost of insurance. Use Exhibit 1-B. (Do! not round Intermediate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number.) Net cost of insurance Suppose you are 46 and have a $130,000 face amount, 14-year, limited-payment participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $455. The cash value of the policy is expected to be $5,200 in 14 years. Using time value of money and assuming you could invest your money elsewhere at an annual yield of 8 percent, calculate the net cost of insurance. Use Exhibit 1-B. (Do! not round Intermediate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number.) Net cost of insurance