The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
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Answer: Sacred music is composed or performed for religious purposes. Sacred music is generally performed in masses to worship. Scared music has been used to treat people with anxiety, stress, and depression.
Sacred music is usually performed in religious rites or processes. The sacred music can be traced back to the medieval era, which consisted of melodic variations.
<u>The three important things learned from sacred music are:</u>
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- The musical elements representing history to connect the present with the past.
- Sacred music is also used to treat stress and reduce the level of anxiety in an individual. Also, it is being widely used to treat various illnesses.
- The mood of a person can be represented by sacred music. For example, Brahms, Johannes: Ein Deutsches Requiem signifies prayers for the dead.
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