Jonathan's utility of income is represented by: U(I) = (221) where I represents annual income. He is considering a job that has a 0.1 chance of earning $20030 and a 0.9 chance of earning $66690 a year. How much would Jonathan be willing to pay to insure against the risky income? Answer: $ (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES, AND NO SEPARATOR FOR THOUSANDS.)