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2 votes
A life insurance company sells a $270,000 one-year term life insurance policy to a 22-year-old female for $200. The probability that the female survives the year is 0.999596. Compute the expected profit for the insurance company. a) $269,039.20 b) $960.80 c) $200.40 d) $269,800.40

asked
User Csguy
by
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1 Answer

2 votes
The correct answer would be D. 269,800.40
answered
User Dao
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7.6k points
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