Mathematics, 06.06.2020 19:02, angel182

An insurance company says that at age 50 one must choose to take $10,000 at age 60, $30,000 at 70, or $50,000 at 80 ($0 death benefit). The probability of living from 50 to 60 is 0.84, from 50 to 70, 0.64, and from 50 to 80, 0.44. Find the expected value at each age. Question 3 options:

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An insurance company says that at age 50 one must choose to take $10,000 at age 60, $30,000 at 70, o...