Question
The primary income earner for a family of four currently has a gross salary of $80,000/year. That person is 33 years old with plans to
The primary income earner for a family of four currently has a gross salary of $80,000/year. That person is 33 years old with plans to retire at 67. The tax rate is 20%. The appropriate discount rate is 7%, and the forecasted inflation rate is 2%. Using the HLV method, what is the appropriate amount of life insurance to purchase?
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
11th Global Edition
1292094184, 978-1292094182
