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Please calculate the life insurance needs using Human Life Value Approach. Value Amount Annual Earning - Annual Tax - Annual Consumption ,[(= Family's Share
Please calculate the life insurance needs using Human Life Value Approach.
Value Amount
" Annual Earning - Annual Tax - Annual Consumption ",[(=" Family's Share of Earnings ") = $80,000
Work Life Expectancy 40 years
Investment Rate 5%
Inflation Rate 3%
^(**) When calculating an inflation-adjusted discount rate, please round to three decimal places.
$2,188,438
$1,849,182
$2,227,314
$1,372,727
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