Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. calculus
  3. if a 60 year old buys a 1000 life insurance policy

If a 60 year old buys a 1000 life insurance policy at a cost of...

60.1K

Verified Solution

Question

Calculus

image

If a 60 year old buys a 1000 life insurance policy at a cost of 100 and has a probability of 0 976 of living to age 61 find th expectation of the policy until the person reaches 61 Round your answer to the nearest cent The expectation of the policy until the person reaches 61 is dollars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

discrete probability distributions Pernilles Super'Chip is a processor for super-fast image analysis. It is put into production...

Economics
1.2K views

The Coronavirus outbreak in China has killed at least 360 people and infected more than 17,300...

Advance Math
1.2K views

Given the following subsets of R: A = RQ = {x ? R|x not in Q} B...

Basic Math
1.2K views

11 Find the value of f 4 if f t 10 t t f 4...

Basic Math
1.2K views

Solve-2x-6> 3x + 14.A. x<-4B. x>-5C. x>-4D. x < -5

Calculus
1.2K views

Find the absolute maximum and absolute minimum of the function f x y x y...

Calculus
1.2K views

Graph each function Lable all asymptotes lable any x y intercepts 4 x 2 22...

Accounting
1.2K views

A simplified balance sheet for Galaxy Cafe Inc. contain the following amounts at the end...

Accounting
1.2K views

Question 2 Nash Company purchased machinery on January 1, 2025, for $81,600. The machinery is...

Accounting
1.2K views

On May 1, 2022, Wildhorse Corp. issued $600,000, 10%, 5-year bonds at face value. The...

Accounting
1.2K views

Olumsuz bir igc oran fark u durumlarda oluur: oktan semeli allan fiili alma...

Finance
1.2K views

Banks A and B based in Singapore have the following assets and liabilities (in million)...