Answer :
Certainly! Let's analyze how the cash value of Larry Rauzer's whole life insurance policy evolves over certain anniversary dates.
### Given Data
- Larry Rauzer purchased a whole life insurance policy with a value of [tex]$60,000. - We need to determine the cash value of his policy at different anniversary dates. ### Calculation Details The cash values at various anniversary dates are provided as follows: 1. At the 10th Year Anniversary - The cash value of the policy at the 10th year anniversary is calculated to be \$[/tex]53,400.
2. At the 15th Year Anniversary
- The cash value of the policy at the 15th year anniversary is calculated to be \[tex]$9,600. 3. At the 25th Year Anniversary - The cash value of the policy at the 25th year anniversary is calculated to be \$[/tex]2,040.
### Summary
- 10 Year Anniversary: The cash value will be \[tex]$53,400. - 15 Year Anniversary: The cash value will be \$[/tex]9,600.
- 25 Year Anniversary: The cash value will be \[tex]$2,040. Thus, Larry Rauzer can expect these amounts as the cash value of his \$[/tex]60,000 whole life insurance policy at the respective anniversary dates.
### Given Data
- Larry Rauzer purchased a whole life insurance policy with a value of [tex]$60,000. - We need to determine the cash value of his policy at different anniversary dates. ### Calculation Details The cash values at various anniversary dates are provided as follows: 1. At the 10th Year Anniversary - The cash value of the policy at the 10th year anniversary is calculated to be \$[/tex]53,400.
2. At the 15th Year Anniversary
- The cash value of the policy at the 15th year anniversary is calculated to be \[tex]$9,600. 3. At the 25th Year Anniversary - The cash value of the policy at the 25th year anniversary is calculated to be \$[/tex]2,040.
### Summary
- 10 Year Anniversary: The cash value will be \[tex]$53,400. - 15 Year Anniversary: The cash value will be \$[/tex]9,600.
- 25 Year Anniversary: The cash value will be \[tex]$2,040. Thus, Larry Rauzer can expect these amounts as the cash value of his \$[/tex]60,000 whole life insurance policy at the respective anniversary dates.