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1.66 points Problem 12-6 Calculating the Amount of Life Insurance Needed Using the Easy Method [LO12-2] You are the wage earner in a typical

1.66 points Problem 12-6 Calculating the Amount of Life Insurance Needed Using the Easy Method [LO12-2] You are the wage earner in a "typical family," with $70,500 gross annual income. Use the easy method to determine how much life insurance you should carry. Note: Do not round intermediate calculations. > Answer is complete but not entirely correct. Life insurance need $ 705,000

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