How much should he be willing to pay for this policy

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Reference no: EM13193550

Using life insurance tables, a retired man determines that the probability of living 5 more years is 0.91. He decides to take out a life insurance policy that will pay $31,000 in the event that he dies during the next 5 years. How much should he be willing to pay for this policy?

Reference no: EM13193550

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