Susan has purchased a whole life policy with a death, Ask an Expert

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Susan has purchased a whole life policy with a death benefit of $240,000. Assuming that she dies in 8 years and the average inflation has been 5 percent, what is the value of the purchasing power of the proceeds? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

Purchasing power of proceeds:

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Financial Management, Finance

Category:- Financial Management
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