Income Method.$$Nancy is a widow with two teenage children.$$ Nancy's gross income is $$$$4,000$ per$$ month, and taxes take about $25\%$ of her income. Using the income$$ method, Nancy calculates she will need to purchase about eight times her disposable income in life insurance to meet her needs. How much insurance should Nancy$$ purchase?

Part $2$

The amount of insurance Nancy should purchase is $$$

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