Matt Miller, age 28, takes out $50,000 of straight-life insurance. His annual premium is $418.20. Using

the tables in the Business Math Handbook that accompanies the course textbook, determine the cash value
of his policy at the end of 20 years.
A. $13,250
B. $26,500
C. $30,000
D. $26,000
B?

No table. Cannot copy and paste here.

its wrong

C is incorrect- not 30,000

To determine the cash value of Matt Miller's policy at the end of 20 years, we need to use the straight-life insurance tables. However, without access to the specific tables in the Business Math Handbook accompanying the course textbook, I am unable to provide an exact calculation.

To find the cash value of the policy, you can follow these steps:

1. Look up the factor for a 20-year term in the straight-life insurance tables. The factor represents the amount of cash value for every dollar of premium paid.
2. Multiply the annual premium by the factor to find the annual cash value.
3. Multiply the annual cash value by the number of years (20) to find the total cash value at the end of 20 years.

By following these steps, you should be able to calculate the cash value of Matt Miller's policy.