Question: 9. [0/1 Points] DETAILS MY NOTES PREVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER The following table shows the average life expectancies in several countries.

9. [0/1 Points] DETAILS MY NOTES PREVIOUS ANSWERS ASK YOUR TEACHER PRACTICE ANOTHER The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on end-of-month deposits in a fund yielding 4.8% annual interest compounded monthly to be paid out when a person reaches the life expectancy. HINT [See Example 2.] Country Japan Canada U.K. U.S. Mexico China | India Life Expectancy: 81 80 80 76 73 75 70 Male Life Expectancy: 87 84 83 81 79 80 72 Female Calculate the life insurance monthly premium that a 50-year-old female in Japan would pay for a $2,000,000 policy. (Round your answer to the nearest cent.) $ Need Help? Read It

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