Question 62 (10 points) Suppose an individual has the following utility function defined over wealth: U =U(Vwealth) The individual has an initial wealth level of $32,000. The individual has a 14% chance of a heart attack and the loss associated with the attack is $4000. i) What is the expected loss from a heart attack? Round your answer to the nearest whole number and do NOT put a S sign. ii) What is the maximum amount this individual is willing to pay for insurance against a heart attack? Round your answer to the nearest whole number and do NOT put a $ sign. iii) What is the risk premium? Round your answer to the nearest whole number and do NOT put a S sign