DETAILS TEAFMAC2 3.2.032. MY NOTES An insurance company sells a $14,000, seven-year term life insurance policy to an individual for $1,080. Find the expected return for the company if the probability the individual will live for the next seven years is 0.93. (Round your answer to the nearest cent.) $ 24.4

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TEAFMAC2 3.2.032.
MY NOTES
An insurance company sells a $14,000, seven-year term life insurance policy to an individual for $1,080. Find the expected return for the company if the probability the individual will live for the next
seven years is 0.93. (Round your answer to the nearest cent.)
$ 24.4
Transcribed Image Text:DETAILŠ TEAFMAC2 3.2.032. MY NOTES An insurance company sells a $14,000, seven-year term life insurance policy to an individual for $1,080. Find the expected return for the company if the probability the individual will live for the next seven years is 0.93. (Round your answer to the nearest cent.) $ 24.4
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