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need help Jim is a 60-year-old Anglo male in reasonably good health. He wants to take out a $50,000 term (ive., straight death benefit) life

need help

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Jim is a 60-year-old Anglo male in reasonably good health. He wants to take out a $50,000 term (ive., straight death benefit) life insurance policy until he is 65. The policy will expire on his 65th birthday. The probability of death in a given year is provided. x = age 60 61 62 P(death at this age) 63 64 0.01057 0.01408 0.01627 0:02017 0.02356 Jim is applying to Big Rock Insurance Company for his term insurance policy. (a) What is the probability that Jim will die in his 60th year? (Enter a number. Enter your answer to riye decimal places.) 0.01057 Using this probability and the $50,900 death benefit, what is the expected cost to Big Rock Insurance fin dollars]? (Enter a number. Round your answer to two decimal places.) $ 528.540 (b) What is the expected cost to Big Rock insurance for years of, be, be, and oh uin dollars) for each arewer eater a number. Round your answers to two decimal places.) year 61 $ year 62 s year 63 S year 64 $ in doviarand Enter a number. Round your answer to two decimal places.) What would be the total expected cost to Big Rock I isuland cost paid out for Jim's death, how much should it charge for the policy (in dollars)? (Enter a (c) If Big Rock Insurance wants to make a profit of stop abov number. Round your answer to two decimal places.) 8:38 PM

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