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Business, 30.11.2021 20:20 wafflewarriormg

Nick purchased a $100,000 participating whole-life insurance policy on his life. To date, he has paid $50,000 in total premiums and received $10,000 in dividends. The policy currently has a net cash value of $15,000 and is subject to a $30,000 outstanding loan. If Nick decides to surrender the policy, he would realize a gain of:

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