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1.Your annual family expenses are $98,000 annually.You figured that you need to provided for your family for 23 years. An investment would yield 8% per

1.Your annual family expenses are $98,000 annually.You figured that you need to provided for your family for 23 years. An investment would yield 8% per year.You would also like to have $250,000 set aside to educate your 2 youngest children. Your current savings is $55,000.You currently earn $110,000 annually (after taxes). How much life insurance do you needusing theBudget method?

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