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Larry Rauzer purchased $60,000 of whole life. What will the cash value of his policy be at the following anniversary dates?

1. 10 year
2. 15 year
3. 25 year

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jacobgriswold0

Cash Value Of The Insurance Policy

Policy Anniversary --- Cash Value Per Unit

      5th year                          $30.00

      10th year                         $89.00

      15th year                         $160.00

      20th year                        $232.00

      25th year                        $340.00

            ^This list is what you use^

  Step 1. Find number of units purchased. $70,000 ÷ $1,000 = 70 units

   Step 2. Multiply the number of units time the cash value. 70 * $30 = $2,100

  1. = 5,340

  2.= 9,600

  3.= 20,400

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