What is the annual premium for a 30-year-old female to purchase $25,000 in a 20-year endowment, if
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12. What is the cash value of $100,000 of straight life insurance that has been owned for 5 years, if the cash value per $1,000 unit is $25.00? _______
13. What is the paid-up life insurance value of a $50,000 20-year limited-payment life insurance policy that has been owned for 10 years, if the value per $1,000 unit is $428? ________
18. Ten corporate $1,000 bonds quoted at 100 3/4 were purchased. If a $12 brokerage fee was paid per bond, find the total cost. ___________
20. Joseph sold five $1,000 bonds, each having a quoted price of 101 3/4. The broker charged a 2% brokerage fee. What was the total amount joseph received?
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