Answer:
5 year = $2,400
20 year = $18,560
Step-by-step explanation:
Firstly,
You have to identify the cash value per unit. so It 'll be 5 years = 30 dollars per unit.
Secondly,
Now, take the face value of the policy divided by 1000, to find how many units the person has. 80,000 divided by 1000 is 80. Now take the # of units time the cash value it has. so It'll be 80 times 30 is $2,400
Answer: $2,400
Now,
Just like the previous one identify the cash value per unit. so It'll be 20 years= 232 dollars per unit.
Next,
take the face value of the policy divided by 1000, to find how many units the person has. 80,000 divided by 1000 is 80. Now take the # of units time the cash value it has. 80 times 232 is $18,560
Answer: $18,560
