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There is a 0.99966 probability that a randomly selected 20-year-old female lives through the year. An insurance company wants to offer her a one-year policy

There is a

0.99966

probability that a randomly selected

20-year-old

female lives through the year. An insurance company wants to offer her a one-year policy with a death benefit of

$900,000.

How much should the company charge for this policy if it wants an expected return of

$400

from all similar policies?

Question content area bottom

Part 1

The company should charge

$enter your response here.

(Round to the nearest dollar.)

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