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DochEvi [55]
3 years ago
8

Susan Williams purchased $80,000 of whole life. What will the cash value of her policy be at the following anniversary dates?

Mathematics
1 answer:
yKpoI14uk [10]3 years ago
6 0

<em>Answer:</em>

<em>5 year  = </em><u><em>$2,400</em></u>

20 year = <u>$18,560</u>

<em>Step-by-step explanation:</em>

<em>Firstly,</em>

<em>You have to identify the cash value per unit. so It 'll be  5 years = 30 dollars per unit.</em>

<em>Secondly,</em>

<em>Now, take the face value of the policy divided by 1000, to find how many units the person has. 80,000 divided by 1000 is 80. Now take the # of units time the cash value it has. so It'll be 80 times 30 is </em><em><u>$2,400</u></em>

<em>Answer: $2,400</em>

<u><em>                                                                                                               </em></u>

<em>Now,</em>

<em>Just like the previous one identify the cash value per unit. so It'll be 20 years= 232 dollars per unit.</em>

<em>Next,</em>

take the face value of the policy divided by 1000, to find how many units the person has. 80,000 divided by 1000 is 80. Now take the # of units time the cash value it has. 80 times 232 is $18,560

Answer:  $18,560

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