$8.$ If Jack and Jill feel they need to replace $$50,000$ income for $30$ years and assume the funds would get

at $2\%$ real rate of return, and they would want their $$300,000$ in debts paid off, how much life insurance

do they need?

a$)$ $$1\mathrm{.}8$ million life insurance each b$)$ $$1\mathrm{.}4$ million life insurance each

c$)$ $$800,000$ life insurance each d$)$ $$50,0000$ disability insurance each