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If Roberta's husband were to die, she and her children could live on $52,500 per year. Roberta earns $11,900 annually and estimates additional income of
If Roberta's husband were to die, she and her children could live on $52,500 per year. Roberta earns $11,900 annually and estimates additional income of $3,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 4.3% prevailing interest rate? Round to the nearest $1,000.
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