document.write( "Question 1202907: A 31-year-old woman purchases a 200,000 term life insurance policy for an annual payment of $400. Based on a period life table for the U.S. government, the probability that she will survive the year is 0.999053 . Find the expected value of the policy for the insurance company. Round to two decimal places for currency problems.
\n" ); document.write( "The expected value of the policy for the insurance company is: \n" ); document.write( "
Algebra.Com's Answer #838107 by ikleyn(52781)\"\" \"About 
You can put this solution on YOUR website!
A 31-year-old woman purchases a 200,000 term life insurance policy for an annual payment of $400.
\n" ); document.write( "Based on a period life table for the U.S. government, the probability that she will survive
\n" ); document.write( "the year is 0.999053 . Find the expected value of the policy for the insurance company.
\n" ); document.write( "Round to two decimal places for currency problems.
\n" ); document.write( "The expected value of the policy for the insurance company is:
\n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "= 400 - 200000*(1-0.999053) = 210.6 dollars.             ANSWER\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "The logic of the solution is clear from the structure of the formula.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "
\n" );