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The head of the household earns $150,000. You wish to insure against death. However, you want to insure for the following: $75,000 protected for 30

The head of the household earns $150,000. You wish to insure against death. However, you want to insure for the following: $75,000 protected for 30 years & $75,000 protected forever (infinitely). Assuming 2% inflation and 6% earnings rate. Determine the amount of insurance needed today.

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