Question: Q 3 ) David purchased a $ 1 0 0 , 0 0 0 participating whole life policy. The annual premium is $ 2 ,
Q David purchased a $ participating whole life policy. The annual premium is $ Projected dividends for the first years are $ The cash value after years will be $ If the premiums were invested at percent interest for years, the premiums would grow to $ If the dividends were accumulated at percent interest for years, they would grow to be $ The amount to which $ deposited annually will accumulate in years at percent interest is $ Based on this information, what is the net payment cost per thousand per year of David's policy over the year period?
Total premiums for years, each accumulated at $
Subtract dividends for years, each accumulated at
Insurance cost for years $
Amount to which $ deposited annually will accumulate to in years at
For the interestadjusted cost per year, $
For the cost per $ per year, $
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