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Brock is currently 42 years old and hopes to retire at 62. He earns $85.000 a year and has come to you to determine how

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Brock is currently 42 years old and hopes to retire at 62. He earns $85.000 a year and has come to you to determine how much life insurance he may need. You suggest the Human Life Value (HLVI Method. Given the following information, how much life insurance should he acquire according to your HLV approach? 2.59 Inflation Nominal Risk-free rate 5% Combined tax rate 25% Personal consumption rate of after-tax earnings 30% Please enter whole dollar value rounded to the nearest dollar. Please do not include the $ Hint: Ordinary Annuity

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