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Sue and Sam each want to be sure that if one of them dies young, the other would have enough life insurance to pay off
Sue and Sam each want to be sure that if one of them dies young, the other would have enough life insurance to pay off their mortgage of $505,000 and provide an annual income for the other of $36,000 for 28 years. Assume the funds would get a 1.4% annual real rate of return. What amount of life insurance do they each need? Input the number to the nearest dollar.
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