P = profit

B = benefits

c= cost/expenses

r = revenue received as premiums

please show as much work as you can :) thank you

Use the formula for profit on insurance P = R - B - C and the table of expected deaths to calculate the profit that a company makes on one-year term life insurance policies for the policies and populations described in Exercises 7-10. Begin by letting x represent the money made on each policy to cover profit. The cost for each policy is $25. 7. 1000 19-year-olds; face value: $100,000; annual premium: $200 8. 1000 23-year-olds; face value: $40,000; annual premium: $100 9. 5000 28-year-olds; face value: $135,000; annual premium: $350 10. 50,000 25-year-olds; face value: $45,000; annual premium: $125 EXPECTED DEATHS PER 100,000 ALIVE AT SPECIFIED AGE Expected Deaths Within 1 Year Expected to be Alive in 1 Year 99,937 99,921 99,909 99,901 99,897 106 99,894 99,890 110 113 99,887 115 99,885 99,883 117 118 120 123 127 99,882 99,880 99,877 99,873 99,868 132