14.

Jim has a 5-year-old car in reasonably good condition. He wants to take out a $30,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x years old is as follows: x = age P(accident) 0.01191 0.01292 0.01396 0.01503 0.01613 Jim is applying to a car insurance company for his car insurance policy. The expected loss to the car insurance company for the 5th, 6th, 7th, 8th, and 9th years would be $357.30, $387.60, $418.80, $450.90 or $483.90 respectively. What would be the total expected loss to the car insurance company over the years 5 through 9? Round your answer to the nearest dollar. SHOW WORK REQUIRED. Provide how you got your answer. If you used your calculator clearly explain. If you did it by hand. Explain. O $2097 O $2098 O $2099 O $2100 $2096