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Jane works full time and makes $106,000 per year in salary. Her husband Richard does not work. Based on a 25 year time horizon and

Jane works full time and makes $106,000 per year in salary. Her husband Richard does not work. Based on a 25 year time horizon and a rate of 9.0% interest, how much life insurance death benefit coverage should Jane have, in order to ensure that Richard will continue to receive annual income of $106,000? Group of answer choices 


$10,600,000.00 


$8,978,295.00 


$106,000.00 


$1,041,193.44

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