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Alice, age 40, is married with one child in elementary school. She estimates that her averageannual earnings over the next 25 years will be $80,000.
Alice, age 40, is married with one child in elementary school. She estimates that her averageannual earnings over the next 25 years will be $80,000. She estimates that one fourth of her average annual earnings will be used to pay taxes, insurance premiums and the costs of self-maintenance. The reminder will be used to support her family. Given the discount rate of 5 percent, calculate Alices human life value.
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