317. A five-year term insurance policy pays 25,000 if the insured dies in the first year. The
benefit declines by 5000 per year for each of the next four years. In each of the five years
covered by the policy, the probability of dying is 0.01, given that the insured is alive at
the beginning of that year.
Calculate the expected benefit the insurance company will pay during the five-year term.
(A) 692
(B) 740
(C) 750
(D) 985
(E) 1225
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