This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An insurance company plans to sell a $200,000 one-year term life insurance policy to a 60-year-old ... (Read 172 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: May 5, 2020
An insurance company plans to sell a $200,000 one-year term life insurance policy to a 60-year-old female. Of 2.5 million females having similar risk factors, the company estimates that 5000 of them will die in the next year. What is the premium that the insurance company should charge if it would like to make a profit of $150 on each policy?
◦ $400 per policy
◦ $550 per policy
◦ $40 per policy
◦ $190 per policy
◦ $250 per policy
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by DelorasTo on May 5, 2020

enass

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Cell division in common life cycles Cell division in common life cycles
Term neonate. Term neonate.
China's proposed supercollider plans to be twice the size of the Large Hadron Co China's proposed supercollider plans to be twice the size of the Large Hadron Co
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library