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Suppose a life insurance company sells a $160,000 1-year term life insurance policy to a 20 year old female for $330. According to the National

Suppose a life insurance company sells a $160,000 1-year term life insurance policy to a 20 year old female for $330. According to the National Vital Statistics Report, the probability that the female survives the year is 0.999544. Compute the expected value of this policy to the insurance company. Round to the nearest cent as needed

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