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A 28 year old man pays $125 for a one year life insurance policy with coverage of $140,000. If the probability that he will live
A 28 year old man pays $125 for a one year life insurance policy with coverage of $140,000. If the probability that he will live through the year is 0.994, to the nearest dollar, what is the man expected value for the insurance policy? A)139,916 B)-41 C)84 D)-124 I know the answer is not B or C...Please show your work!!!
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