Suppose that the probability that a person will die in the next 20 years is 7.2608%. If this person has a life insurance policy that will pay out $60,000 to the beneficiares of the policy if the person dies in the next 20 years, what is the premium of the policy ? Assume that the administrative costs of the policy amount to $35
A) $4,436.88
B) $4,361.88
C) $60,000
D) $4,391.48

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anonymous · Answer

Please please please help @amistre64 or anyone