Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150010x where y=Insuranceneeded($000)x-Currentageofheadofhousehoid b. Use the equation to determine the amount of term life insurance to recornmend for a family of four if the head of the household is 40 years old. (Round your answer to 2 decimal places.)