How much will receive as a result of surrendering policy

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Reference no: EM132045807

Question: A policyowner intends to surrender her policy with a reported $60,000 cash value. She took out a $10,000 policy loan 2 years ago that has an 8 percent fixed policy loan rate. None of the loan has been repaid, and there are no applicable surrender charges. How much will she receive as a result of surrendering the policy? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132045807

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