Mathematics

Reyna Sandoval

24 October, 10:23

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