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A 28-year-old man pays $223 for a one-year life insurance policy with coverage of $60,000....

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Basic Math

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A 28-year-old man pays $223 for a one-year life insurance policy with coverage of $60,000. If the probability that he will live through the year is 0.9993, what is the expected value for the insurance policy?-$181.00$59.958.00$42.00-$222.84

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