An insurance company in one state offers adults between the ages of 25 and 34 a $175,000 life insurance policy for an annual cost of $229. They use the fact that the state has a yearly death rate of 114.4 per 100,000 residents aged 25-34 years.
Step 2 of 2 : If the insurance company has 20,000 customers with these life insurance policies in the state, what is the profit at the end of the year?