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Ramon Fernandez earns $75,000 in annual income. His wife, who takes care of their two children and works part time, earns $35,000. Under the Rule

  1. Ramon Fernandez earns $75,000 in annual income. His wife, who takes care of their two children and works part time, earns $35,000. Under the Rule of Thumb method, what is the minimum amount of life insurance Ramon should purchase to protect his family against the loss from his premature death?

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