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You are evaluating your familys life insurance needs. Total household living expenses are $72,000 per year. Your spouse earns $41,800 per year. The prevailing interest

You are evaluating your familys life insurance needs. Total household living expenses are $72,000 per year. Your spouse earns $41,800 per year. The prevailing interest rate is currently 4.2%.

How much life insurance should you purchase to cover your dependents income shortfall?

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