1. Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $81800 per year. Parveen is a full-time stay-at-home mom.

Use the easy method to estimate the familys life insurance needs.

2. Assume you are in the 25 percent tax bracket and purchase a 6.0 percent municipal bond.

Calculate the taxable equivalent yield for this investment.