Question
Susan has purchased a whole life policy with a death benefit of $600,000. Assuming that she dies in 8 years and the average inflation has
Susan has purchased a whole life policy with a death benefit of $600,000. Assuming that she dies in 8 years and the average inflation has been 5 percent, what is the value of the purchasing power of the proceeds? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
Purchasing power of proceeds?
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The Complete Direct Investing Handbook
Authors: Kirby Rosplock
1st Edition
1119094712, 978-1119094715
