Please show your work I know the answer is 7 79 but how is it obtained Connsider the following information of a Whole Life policy and a Term Life policy What is the IRR of difference in cash flows between Whole Life and Term Life policies Guaranteed Contract Premium Guaranteed Death Benefit Projected Projected Cash Value Term Premium Life Premium Minus Term Premium Cash Flows Dividend $2,300 $200,000 0 0 $325 $1,975 $2,300 0 0 $330 $1,970 $2,300 0 0 $335 $1,965 $2,300 0 $3,500 $340 $1,960 $2,300 $250 $6,000 $355 $1,695 $2,300 $400 $9,000 $370 $1,530 $2,300 $600 $16,000 $390 $1,310

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Question: Please show your work. I know the answer is 7.79% but how is it obtained? Connsider the following information of a Whole Life policy and

Please show your work. I know the answer is 7.79% but how is it obtained?Connsider the following information of a Whole Life policy and a Term Life policy: What is the IRR of difference in cash flows between Whole Life and Term Life policies?

Guaranteed Contract Premium	Guaranteed Death Benefit	Projected	Projected Cash Value	Term Premium	Life Premium Minus Term Premium	Cash Flows
Guaranteed Contract Premium	Guaranteed Death Benefit	Dividend	Projected Cash Value	Term Premium
$2,300	$200,000	0	0	$325	$1,975	?
$2,300		0	0	$330	$1,970	?
$2,300		0	0	$335	$1,965	?
$2,300		0	$3,500	$340	$1,960	?
$2,300		$250	$6,000	$355	$1,695	?
$2,300		$400	$9,000	$370	$1,530	?
$2,300		$600	$16,000	$390	$1,310	?

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