Question
Using the Human Life Value method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $61,500
Using the "Human Life Value" method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $61,500 received at the start of each years, and a time value of money of 7%? (Assume 80% income replacement, ignore taxes and inflation.)
| a. | $836,740 |
| b. | $669,392 |
| c. | $895,311 |
| d. | $716,249 |
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College Accounting
Authors: James A Heintz, Robert W Parry
20th Edition
538745215, 978-1111624743
