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19 September, 07:45

Tim tradesman pays 2000 annually for 125000 worth of life insurance. what is the cash value of the pilicy after ten years?

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  1. 19 September, 10:09
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    A. 2,000*10 years=20,000

    b. 150,000=150 units of insurance. so 150 * 89 (because cash value per unit for 10 years is 89)

    =13,350

    c. 66.75%
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