Question
Given the below information and using the easy method, what is the required amount of insurance for the following typical family? Annual income (wage earner)
Given the below information and using the easy method, what is the required amount of insurance for the following typical family?
Annual income (wage earner) $80,000
Mortgage $400,000
Auto Loan $30,000
Funeral Costs $5,000
Other Debts $10,000
Answer choices: A.$400,000. B.$225,000. C.$500,000. D.$640,000. E.$392,000.
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
