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How much life insurance would a person buy if he wants to leave enough money to ensure that their family will receive $100,000 dollars in
How much life insurance would a person buy if he wants to leave enough money to ensure that their
family will receive $100,000 dollars in interest, of constant year 0 value dollars? The interest rate
expected from banks is 4 percent and the inflation rate is expected to be 2 percent per year.
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