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Mathematics 11 Online
OpenStudy (anonymous):

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

OpenStudy (anonymous):

Please please please help @amistre64 or anyone

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