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Nancy is a widow with two teen- age children. Nancys gross income is $3,000 per month, and taxes take about 30% of her income. Using

Nancy is a widow with two teen- age children. Nancys gross income is $3,000 per month, and taxes take about 30% 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?

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