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For a universal life insurance policy with a death benefit of 150,000, you are given:...

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For a universal life insurance policy with a death benefit of 150,000, you are given: a) The following information: Percent of Monthly Monthly Cost Monthly Policy Year Premium of Insurance Premium Expense Charge Rate per 1000 Charge 1 2000 3.5% 1.00 50 b) i(12) = 0.06 c) The account value at the end of month 11 is 25,000. d) The account value is updated monthly. Calculate the account value at the end of month 12. =

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