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24. Pascal, age 33, and Caroline, age 28, have been married for two years their two children: Megan, age 3 and Cdric, just turned
24. Pascal, age 33, and Caroline, age 28, have been married for two years their two children: Megan, age 3 and Cdric, just turned one. They have agreed that Caroline will not go back to work until Cdric's 18th birthday. In the event of his premature death, Pascal would like to provide to his family with an income of $40,000 per year until Cdric turns 18, and an amount of $20,000 per year for a period of 3 years after that, to give Caroline a chance to return to school and find a job. The couple has no life insurance and no savings. What minimum life insurance amount should Pascal buy today to insure the financial future of his family? O $720,000 O $740,000 O $780,000 0 $1,080,000 Choose 1 option.
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