1. Andrew Blake of Tuscaloosa, Alabama, is single and has been working as an admissions counselor at...

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1. Andrew Blake of Tuscaloosa, Alabama, is single and has been working as an admissions counselor at a university for three years. Andrew owns a home valued at $156,000 on which he owes $135,000. He has a two-year-old vehicle valued at $12,500 on which he owes $8000. He has about $3800 remaining on his student loans. His retirement account has grown to $7800, and he owns some stock valued at $4400. He has no life insurance and is considering buying some. How much should he buy?

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Personal Finance

ISBN: 9780618938735

9th Edition

Authors: E. Thomas Garman, Raymond Forgue

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