13. You have 25 years until retirement and your current annual income is $75,000. Using a marginal tax rate of 22% and an inflation rate of 3.5%, how much life insurance will you need to purchase using the "human life value" approach? Your time value of money of 8.5%. Assume you want to replace 80% of your current income considering taxes and inflation. O $1,225,325.67 $807,431.69 $1,073,493.61 $963,343.12 D Question 14 5 pts 14. You have a 70/30 medical insurance policy with a $1,500 premium and a $800 deductible. You have medical expenses totaling $3,600. What is the cost to the insurance company for the loss? $1,605 $2,100 $1,960 $2,850