Matt Miller, age 28, takes out $50,000 of straight-life insurance. His annual premium is $418.20. Using

the tables in the Business Math Handbook that accompanies the course textbook, determine the cash value
of his policy at the end of 20 years.
A. $13,250
B. $26,500
C. $30,000
D. $26,000
B?

3 answers

No table. Cannot copy and paste here.

its wrong

C is incorrect- not 30,000

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