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Problem 12-7 Calculating the Amount of Life Insurance Needed Using the Easy Method (L012-2] Suppose that yours is a typical family. Your annual income is

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Problem 12-7 Calculating the Amount of Life Insurance Needed Using the Easy Method (L012-2] Suppose that yours is a typical family. Your annual income is $55,000. Using the easy method, what should be your need for life insurance? (Do not round intermediate calculations.) Life insurance noed $ 26,950

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