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The primary income earner for a family of five currently has a gross salary of $ 7 0 , 0 0 0 / year .

The primary income earner for a family of five currently has a gross salary of $70,000/year. That person is 37 years old with plans to retire at 63. The tax rate is 22%. The appropriate discount rate is 9%, and the forecasted inflation rate is 3%. Using the HLV method, what is the appropriate amount of life insurance to purchase?

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