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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 91
Mary Hall purchased a $45,000 20-year endowment life insurance policy when she was 20 years old. She is now 35 years old and wants to look into her nonforfeiture options. As her insurance agent, calculate the value of Mary's three options.
a. Option 1
b. Option 2
c. Option 3
a. Option 1
b. Option 2
c. Option 3
Explanation
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a). Cash value :-
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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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