(a) Calculate the amount of life insurance that Samantha needs based on the information given. Use the...

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(a) Calculate the amount of life insurance that Samantha needs based on the information given. Use the Run the Numbers worksheet on page 346 or the Garman/

Forgue companion website. Assume a 3 percent rate of return after taxes and infl ation and an income need for 22 years because the unborn child will need fi nancial support for that many years.

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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