Author Question: An insured 25 year old purchased a 50,000 . 20-payment life policy. Four years later he needed the ... (Read 90 times)

leilurhhh

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An insured 25 year old purchased a 50,000 . 20-payment life policy. Four years later he needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 25 year old purchased a 35,000 . 20-payment life policy. Five years later he needed the maximum loan available on the policy. Compute the amount the insured could borrow.



Li Jun

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Answer to Question 1

3,400

Answer to Question 2

3,255



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