Jim Has a 5-Year-Old Car in Reasonably Good Condition A)$3496
B)$3497
C)$3498
D)$3499
E)$3495

Multiple Choice

Jim has a 5-year-old car in reasonably good condition. He wants to take out a $50,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x years old is as follows: Jim is applying to a car insurance company for his car insurance policy. The expected loss to the car insurance company for the 5th, 6th, 7th, 8th, and 9th years would be $595.50, $646.00, $698.00, $751.50 or $806.50 respectively. What would be the total expected loss to the car insurance company over the years 5 through 9? Round your answer to the nearest dollar.
$$\begin{array} { l c c c c c } x = \text { age } & 5 & 6 & 7 & 8 & 9 \\P \text { (accident) } & 0.01191 & 0.01292 & 0.01396 & 0.01503 & 0.01613\end{array}$$

A) $3496
B) $3497
C) $3498
D) $3499
E) $3495