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A 28-year-old man pays $131 for a one-year life insurance policy with coverage of $10,293. If the probability that he will live through the year
A 28-year-old man pays $131 for a one-year life insurance policy with coverage of $10,293. If the probability that he will live through the year is 0.994, what is the expected value for the insurance policy? Round to the nearest cent.
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