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Jackie earns $48,00 per year as an accountant, paying 25% in taxes. Jackie is concerned about how her young family wil replace her income if
Jackie earns $48,00 per year as an accountant, paying 25% in taxes. Jackie is concerned about how her young family wil replace her income if she dies. After speaking to her life insurance agent and assuming a 6% rate of return, how much life insurance would her agent suggest that she obtain to replace her after tax income? Select one: a. $1,066,667 b.$1,000,000 c. $800,000 d. 5888,888
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