FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marianne and Roger are in good health and have reasonably secure careers. Each earns $55000 annually. They own a home with a $120000 mortgage; they

Marianne and Roger are in good health and have reasonably secure careers. Each earns $55000 annually. They own a home with a $120000 mortgage; they owe $16000 for their car loans, and have $11000 in student loans. If one should die, they think that funeral expenses would be $8000. What is their total insurance needs using the DINK method?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Heres how to calculate the total insurance needs for Marianne and Roger using the DINK ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Basic Statistics

Understanding Basic Statistics

Authors: Charles Henry Brase, Corrinne Pellillo Brase

6th Edition

978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021

More Books

Students also viewed these Finance questions

Question

each Corporation, which produces a single product, budgeted the following costs for its first year of operations. These costs are based on a budgeted volume of 30,000 towels produced and sold: Direct...

Answered: 1 week ago

Question

★★★★★
A 6.0kg block, starting from rest, slides down a frictionless incline of length 2.0m. when it arrives at the bottom of the incline it's speed vf. At what distance from the top of the incline is the...

Answered: 1 week ago

Question

★★★★★
3. ) Figure shows a a If it has an extra positive charge of spherical nonconducting sphere. 1uC, at which Location the electric potential is the maximum - A, G or C? A Why?

Answered: 1 week ago

Question

★★★★★
You own 100 shares of Target, Inc., whose current stock price is $14 per share (which correctly reflects the firm's stand-alone value). Target has 100M shares outstanding. Raider, Inc. has just made...

Answered: 1 week ago

Question

★★★★★
Big Yellow Construction Toys Corporation is using a costs-of-quality approach to evaluate design engineering efforts for a new toy robot. The company's senior managers expect the engineering work to...

Answered: 1 week ago

Question

★★★★★
Spencer Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is...

Answered: 1 week ago

Question

★★★★★
What are some of the topics they study?

Answered: 1 week ago

Question

★★★★★
1. When founder Richard Branson is no longer at the helm (and in the news), do you believe Virgin will be able to continue its forays into radically different brand extensions? What strategies can...

Answered: 1 week ago

Question

★★★★★
A bank customer will be going to London in June to purchase 100,000 in new inventory. The current spot and futures exchange rate are as follows: The customer enters into a position in June futures to...

Answered: 1 week ago

Question

★★★★★
Water flows at the rate of 0.5 kg/s in a 2.5-cm-diameter tube having a length of 3 m. A constant heat flux is imposed at the tube wall so that the tube wall temperature is 40C higher than the water...

Answered: 1 week ago

Question

★★★★★
*** 12.17 M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual...

Answered: 1 week ago

Question

★★★★★
Give some ways to enhance manufacturing process of tony's toy trucks. Tony's Toy Trucks Order and Production Process Process Key Decision Process System Start/End Corporate ERP System Submit Purchase...

Answered: 1 week ago

Question

★★★★★
Overview In this discussion, we will consider the implications of the COVID-19 pandemic on the global economy and global trade now and in the future. Although the world has mostly reopened, the...

Answered: 1 week ago

Question

★★★★★
A crazy statistics tutor only passes 20% of students in a university subject, by examining all students in foreign languages that they do not know. If 20 students are randomly assigned to this tutor,...

Answered: 1 week ago

Question

★★★★★
Write a essay on the Equifax security breach and data breaches in general. What impact does it have on the businesses and organizations in our community, and what can we do to stop it from happening...

Answered: 1 week ago

Question

★★★★★
Which of the characteristic in a SWOT analysis is most important for a start-up business? Note: It is OK if you believe all are important, you just have to explain. Also provide conclusion along...

Answered: 1 week ago

Question

★★★★★
Which group of South Americans came in large noticeable numbers to California during the Gold Rush? Colombians Chileans Ecuadorans Bolivians

Answered: 1 week ago

Question

★★★★★
The rate at which the temperature of an object changes is proportional to the difference between its own temperature and the temperature of the surrounding medium. Express this rate as a function of...

Answered: 1 week ago

Question

★★★★★
For a fundraiser, 1000 raffle tickets are sold and the winner is chosen at random. There is only one prize, $500 in cash. You buy one ticket. (a) What is the probability you will win the prize of...

Answered: 1 week ago

Question

★★★★★
What percentage of the area under the normal curve lies: (a) To the left of ? (b) Between and + ? (c) Between 3 and + 3?

Answered: 1 week ago

Question

★★★★★
A random sample of 18 adult male wolves from the Canadian Northwest Territories gave an average weight 1 = 98 lb with estimated sample standard deviation s1 = 6.5 lb. Another sample of 24 adult male...

Answered: 1 week ago

Question

★★★★★
To what extent has the network management approach helped Benetton to prosper in difficult trading conditions in Europe? What have been the gains for stakeholders?

Answered: 1 week ago

Question

★★★★★
Think of a market relationship that you have currently in which the intentions of the provider are more sophisticated than mere persuasion. What do they gain from this? Ask them if you cannot answer...

Answered: 1 week ago

Question

★★★★★
It is reported that corporations can save large sums of money by enabling people to use the Internet more. Suggest ways in which this might work, and identify implications for communication managers...

Answered: 1 week ago

Previous Question Next Question