Question
QUESTION 4 Using the Human Life Value method, how much life insurance should you purchase if you take into account 3% annual inflation over the
QUESTION 4
Using the "Human Life Value" method, how much life insurance should you purchase if you take into account 3% annual inflation over the next 45 years until retirement, an annual income of $61,500 received at the start of each years, and a time value of money of 7%? (Assume 100% income replacement and a marginal tax rate of 15%)
| a. | $1,236,658 | |
| b. | $1,272,027 | |
| c. | $1,588,959.94 | |
| d. | $1,545,823 |
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Canadian Multinationals And International Finance
Authors: Gregory P. Marchildon, Duncan McDowall
1st Edition
0714634816, 978-0714634814
