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Victor has a $100,000 participating cash-value policy written on his life. The policy accumulated $6,700 in cash value. Victor borrowed $4,700 of this value. The

Victor has a $100,000 participating cash-value policy written on his life. The policy accumulated $6,700 in cash value. Victor borrowed $4,700 of this value. The policy also accumulated unpaid dividends of $2,000. Yesterday Victor paid his premium of $1,000 for the coming year. What is his death benefit from this policy if he dies today?

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