Life Insurance - A 39-year-old woman purchases at $200,000 term life insurance policy for an annual payment of $630. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999053. Find the expected value of the policy for the insurance company. #9 Round to two decimal places for currency problems.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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#9 please round 2 decimal places as asked below.
- Question 90
Life Insurance - A 39-year-old woman purchases at $200,000 term life
insurance policy for an annual payment of $630. Based on a period life table
for the U.S. government, the probability that she will survive the year is
0.999053. Find the expected value of the policy for the insurance company.
#9
Round to two decimal places for currency problems.
Transcribed Image Text:- Question 90 Life Insurance - A 39-year-old woman purchases at $200,000 term life insurance policy for an annual payment of $630. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999053. Find the expected value of the policy for the insurance company. #9 Round to two decimal places for currency problems.
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