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You buy a $ 10, 000 term life insurance policy. Under a 20-year term life policy, if you die within a twenty-year period from issuance the policy will pay. According to the life tables 95377 of 98437 20 year olds live to be 40. What should you expect to pay for the policy if it were considered fair? (E(X)=0)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92062757

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