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A 50-year-old woman wants to purchase a $100,000 one-year life insurance policy. What should the insurance company charge the woman for the policy if it

A

50-year-old

woman wants to purchase a

$100,000

one-year life insurance policy. What should the insurance company charge the woman for the policy if it wants an expected profit of

$70?

Age

Probability of Female Death

20

0.00050

30

0.00070

40

0.00085

50

0.00325

The company should charge her

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