Suppose that a life insurance company insures 4200 ​40-year-old people in a given year.​ (Assume a death rate of 6 per 1000​ people.) The cost of the premium is ​$300 per​ year, and the death benefit is 55,000. How much can the company expect to gain(or lose) in a year ?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Suppose that a life insurance company insures 4200 ​40-year-old people in a given year.​ (Assume a death rate of 6 per 1000​ people.) The cost of the premium is ​$300 per​ year, and the death benefit is 55,000. How much can the company expect to gain(or lose) in a year ?
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