Business and Finance Assume that a life insurance company would like to make a profit of $250 on a $100.000 policy sold to a person whose probability of surviving the year is 0.9985. What premium should the company charge the customer? lithe company would like to make a $250 profit on a 5100.000 policy at a premium of $500, what is the lowest life expectancy it should accept for a customer?

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The probability of surviving the year of a person is 09985 Let P be the pr... View the full answer