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Mathematics, 30.06.2019 06:20 javier1026
Jonathan has a universal life insurance policy with a face value of $500,000. the current cash value of the policy is $11,260. jonathan wants to stop paying premiums for a few months while he changes jobs. the premium is $134 per month. a. what will the cash value of the policy be, without adding any interest, if he doesn’t pay the premiums for a year? b. for how many months could jonathan use the cash value (with- out interest) to pay for the $134 premiums?
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Jonathan has a universal life insurance policy with a face value of $500,000. the current cash value...
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