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OpenStudy (anonymous):
Please Help! An insurance company sells a policy that pays $50,000 in case of accidental death. According to company figures, the rate of accidental death is 47 per 100,000 population. What annual premium should the company charge for this coverage? Explain how much profit the company will make under your plan, how you determined the amount of profit needed for the company, and how the annual premium was computed.
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