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A group of 900,000 males, age 30, wishes to contribute each year an amount to a common fund sufficient to pay $1,320 to the dependants

A group of 900,000 males, age 30, wishes to contribute each year an amount to a common fund sufficient to pay $1,320 to the dependants of each group member who dies during the year. Use the mortality table in Exhibit 9-1 to determine the following: a. How many members of the group can be expected to die during the year? Members expected to die b. What amount must each of the 900,000 members contribute at the beginning of the year to provide $1,320 for the dependants of those who die before the end of the year? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) per member.

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