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Mathematics, 24.05.2021 15:30 carlinryan

The table shows the probabilities of dying during the year for various ages. Use the table for the following problems. (a). A 22-year-old male pays $275 for a 1-year $150,000 life insurance policy. What is the
expected value of the policy for the policy holder?
(b). A 21-year-old female pays $150 for a 1-year $120,000 life insurance policy. What is the expected value of the policy for the policy holder?

The table shows the probabilities of dying during the year for various ages. Use the table for the

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