Nico Stephenson

Mathematics

7 January, 09:36

Which of the following best represents the annual insurance premium that a company might charge for $100,000 of life insurance on a man with a 1 in 100 chance of dying in the year. Assume the insurance company wants to make a 20% margin on the policy? a) $100 b) $1,200 c) $100,000 d) $120,000

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