Beth Purchased a $50,000 Nonparticipating Whole Life Insurance Policy

Beth purchased a $50,000 nonparticipating whole life insurance policy.The annual premium was $1,278.The cash value of the policy after 10 years will be $13,740.The future value of $1 deposited at the start of the year for 10 years,assuming 5 percent interest,is $13.207.What is the net payment cost of this policy,per thousand per year,over the first 10 years the policy is in force?

A) $12.71
B) $14.82
C) $17.24
D) $25.56