All of the following statements about a return of premium term policy are true except a) the policy will have fixed and level premiums b) the policy returns cash value equal to the premiums if the insured lives for a certain number of years c) the policy pays the death benefit if the insured dies within the term period d) the policy returns the premiums to the policyowner if the insured survives the term period

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?