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Sam is applying for a single year life insurance policy worth $47,550.00. If the actuarial tables determine that she will survive the next year with
Sam is applying for a single year life insurance policy worth $47,550.00. If the actuarial tables determine that she will survive the next year with probability 0.997, what is her expected value for the life insurance policy if the premium is $430.00? (Note: Include dollar signs in your answer)
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