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Ben paid annual premiums on a $25,000 whole life policy at a rate of $17.20 per $1,000. After ten years, he canceled the policy and found that its cash value was $97 per $1,000. Over the ten years, he received dividends of $318.55. For the time Ben had the policy, find the net cost of the insurance.

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Ben paid annual premiums on a $25,000 whole life policy at a rate of $17.20 per $1,000. After ten years, he canceled the policy and found that its cash value was $97 per $1,000. Over the ten years, he received dividends of $318.55. For the time Ben had the policy, find the net cost of the insurance.






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