Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:




The insurance company should charge $1,873.5.
Answer:
<em>B. </em>
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Step-by-step explanation:
Answer:
6x-24
Step-by-step explanation:
The 6 multiplies each part in the parenthesis. So 6 * x = 6x and 6 * -4 = -24
Answer:
X= 12
Step-by-step explanation:
36/5x =3/5(cross multiplication)
180=15x
divide by 15 both sides
X = 12
Answer:
A. 4X4X4X4X4
C. 4^5
E. 2^10
Step-by-step explanation: