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Q2 A. Alicia bought a $150,000 term-life insurance policy. The annual premium to be paid to the insurance company is $500. According to the mortality

Q2 A. Alicia bought a $150,000 term-life insurance policy. The annual premium to be paid to the insurance company is $500. According to the mortality chart the probability that a person will survive the year is 0.9976. Calculate the expected profit (or loss) to Alicia.

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