Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their incorne. Marty contnbutes 75% of the expenses and Mary contributes 25%. Currently, their household expenses are $39,800 annually. Marty and Mary have thvoe children. The youngest child is 12 , so they would like fo ensure that they could maintain thoir curront standatd of living for at loast the next eight years. Thoy foel that the insurance proceods could be in wested at7%. In addition to covering the annual expenses, they would like to make sure that each of thei children has $33,192 available for college. If Marty were to ese, Mary would go back to school part-time to upgrade her training as a nuzse. This would cos! $30,303. Thoy have a mongage on their home with a balance of $68,158. How much lite insurance should they purchase for Mary? The ampunt of life insurance they should purchase for Mary is s (Round to the nearest dolac,)