need answered asap

3. How much life insurance do you need? Calculating resources- Part 2 Jake and Latasha Stewart have completed Step 1 of their needs analysis worksheet and determined that they need $2,745,000 to maintain the projected lifestyle of Latasha (age 38) and their two children (ages 8 and 10 ) in the event of Jake's (the primary earner's) death. The Stewarts also have certain financial resources available after Jake's death, however, so their life insurance needs are lower than this amount. If Jake dies, Latasha will be eligible to receive Social Security survivors' benefits-approximately $3,000 a month ( $36,000 a year) until the youngest child graduates from high school in 10 years. After the children leave home, Latasha will be able to work full-time and earn an estimated $46,000 a year (after taxes) until she retires at age 65 . After Latasha turns 65 , she'll recelve approximately $2,400 a month (\$28,800 a year) from her own Social Security and retirement benefits. The life expectancy for a woman within Latasha's demographic is 87. The couple has also saved $42,300 in a mutual fund, and Jake's employer provides him a $100,000 life insurance policy. Using this information, complete Step 2 of the needs analysis worksheet to estimate their total financial resources avai/able after death. (Note: If the value of a certain entry is zero, be sure to enter "O" to receive credit.) Life Insurance Needs Analysis Worksheet (Part 2) Finally, to determine the value of life insurance Jake and Latasha should purchase, complete Step 3 of the needs analysis method by subtracting the total financial resources available from the total financial resources needed. True or False: Alternatively, the Stewarts could have estimated their life insurance needs using the multiple-of-earnings method, a less complicated but less accurate method than the needs analysis. False True 3. How much life insurance do you need? Calculating resources- Part 2 Jake and Latasha Stewart have completed Step 1 of their needs analysis worksheet and determined that they need $2,745,000 to maintain the projected lifestyle of Latasha (age 38) and their two children (ages 8 and 10 ) in the event of Jake's (the primary earner's) death. The Stewarts also have certain financial resources available after Jake's death, however, so their life insurance needs are lower than this amount. If Jake dies, Latasha will be eligible to receive Social Security survivors' benefits-approximately $3,000 a month ( $36,000 a year) until the youngest child graduates from high school in 10 years. After the children leave home, Latasha will be able to work full-time and earn an estimated $46,000 a year (after taxes) until she retires at age 65 . After Latasha turns 65 , she'll recelve approximately $2,400 a month (\$28,800 a year) from her own Social Security and retirement benefits. The life expectancy for a woman within Latasha's demographic is 87. The couple has also saved $42,300 in a mutual fund, and Jake's employer provides him a $100,000 life insurance policy. Using this information, complete Step 2 of the needs analysis worksheet to estimate their total financial resources avai/able after death. (Note: If the value of a certain entry is zero, be sure to enter "O" to receive credit.) Life Insurance Needs Analysis Worksheet (Part 2) Finally, to determine the value of life insurance Jake and Latasha should purchase, complete Step 3 of the needs analysis method by subtracting the total financial resources available from the total financial resources needed. True or False: Alternatively, the Stewarts could have estimated their life insurance needs using the multiple-of-earnings method, a less complicated but less accurate method than the needs analysis. False True