Kendra wants to provide retirement income for her dependent parents for 23 years should she die. Kendra earns $67,500 and feels that her parents could live on 70% of that amount. If the insurance funds could be invested at 5.5%, how much life insurance does she purchase using the human human life value method?

Group of answer choices

$1,033,912

$1,029,500

$823,947

$887,374