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QUESTION
A 28 year old man pays $207 for a one year life insurance policy with coverage of $70,000. If the probability that he will live through the year is 0....
A 28 year old man pays $207 for a one year life insurance policy with coverage of $70,000. If the probability that he will live through the year is 0.9994, what is the expected value for the insurance policy?
