Mathematics, 27.04.2020 01:36 ARandomPersonOnline

Suppose that the probability that a person will die in the next 20 years is 18.1452% if this person has a life insurance policy that will pay out $25,000 to the beneficiaries of the policy if a person dies in the next 20 years what will be the premium policy? assume that the administrative costs of the policy amount to $45

$25,000 wrong

$4,536.30 wrong

$4,523.89 wrong

$4581.30 correct answer divide 18.1452% by 25000 then add the $45

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Suppose that the probability that a person will die in the next 20 years is 18.1452% if this person...