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1) If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes $33,100 annually, and estimates additional income
1) If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes $33,100 annually, and estimates additional income of $21,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 16.7% prevailing interest rate? (Round your answer to the nearest $1,000)
A) $28,000 B) $36,000 C) $35,000 D) $30,000
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