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Assume that the probability of a 25-year-old male living to age 26, based on mortality tables, is 0.992. If a 15,000 dollar one-year term
Assume that the probability of a 25-year-old male living to age 26, based on mortality tables, is 0.992. If a 15,000 dollar one-year term life insurance policy on a 25-year-old male costs 100 dollars what is its expected value? What is the expected value? The expected value is dollars.
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