The data extracted from Mr. and Mrs. Trudeau's ABSF questionnaire are: Expenses following the death of one or the other are estimated at $5,000.

• The subsequent tax on the death of one or the other is estimated at $2,000.
• The couple does not have any investments.
• Mr. Trudeau has individual life insurance which will pay the sum of $150,000 in the event of an investigation.
• Mrs. Trudeau has no life insurance.
• Mr. Trudeau's gross annual income is $80,000 and $55,000 for Mrs. Trudeau; their marginal tax rates are respectively 43% for him and 40% for her.
• Total household expenses (excluding debt repayment), including taxes, are estimated at 50% of the couple's gross income (proportionately for each income).
• Everyone's personal expenses are valued at 10% of the cost of living (total of 20%) and are included in the 50% mentioned.
• The annual payment amount for their mortgage is $12,000 (life insurance: 100% on both heads in the event of death).
• Do not take into account the spouse's Retraite Qubec pensions.
• The discount rate will be considered -0.24%, taking into account investment possibilities AND inflation.
• Mr. and Mrs. Trudeau are both 55 years old, and want to work until 65 years old.

question: What is the capital necessary for Mrs. ($100) in the event of the death of her spouse if, as she wishes, she works until age 65? The use of the financial calculator is recommended; please specify your handling.

	mr trudeau	madame trudeau
liquid and semi-liquid assets on the balance sheet	13 000	12 000
balance sheet liabilities	13 000	-