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QUESTION 1 John has come to you as his financial advisor to get advice about the level of life cover he needs. He is married

QUESTION 1

John has come to you as his financial advisor to get advice about the level of life cover he needs. He is married with two children and his current annual income is $95,000. He is 41 years old. The current interest rate is 3.5% per annum. Calculate the appropriate level of cover using the multiple approach.

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