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Perón Purchased a 20-Year Endowment Insurance Policy Having a Face

Question 38

Multiple Choice

Perón purchased a 20-year endowment insurance policy having a face value of $20,000 when she was 20 years old. Based on Table 19-3 from your text, what is the cash value of her policy if she is now 30 years old?


A) $2,191
B) $2,910
C) $3,324
D) $6,480

Correct Answer:

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