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Susan has purchased a whole life policy with a death benefit of $300,000. Assuming that she dies in 8 years and the average inflatio has

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Susan has purchased a whole life policy with a death benefit of $300,000. Assuming that she dies in 8 years and the average inflatio has been 5 percent, what is the value of the purchasing power of the proceeds? Use (Exhibit 1-A. Exhibit 1-8. Exhibit 1.C. Exhibit 1-D) Note: Use appropriate foctor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places

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