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Problem 1 2 - 7 Calculating the Amount of Life Insurance Needed Using the Easy Method [ LO 1 2 - 2 ] Suppose that

Problem

12 - 7

Calculating the Amount of Life Insurance Needed Using the Easy Method

[

12 - 2]

Suppose that yours is a typical family. Your annual income is $

72, 500 .

Using the easy method, what should be your need for life

insurance?

Note: Do not round intermediate calculations.

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