Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 (2 points) You and your spouse are in good health and have reasonably secure careers. Each of you makes about $28200 annually. You

image text in transcribed

Question 1 (2 points) You and your spouse are in good health and have reasonably secure careers. Each of you makes about $28200 annually. You own a home with an $94200 mortgage, and you owe $13400 on car loans, $5100 in personal debts and $7400 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Average funeral expenses for the area are $8200. Estimate your total insurance needs using the DINK method. (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.) Your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

5th Canadian edition

9781259105692, 978-1259103285

Students also viewed these Finance questions