Question
You are performing an insurance needs analysis for your client Tabitha. Tabitha currently takes home $4,500 per month. Using a Capitalization of Lost Income approach,
You are performing an insurance needs analysis for your client Tabitha. Tabitha currently takes home $4,500 per month. Using a "Capitalization of Lost Income" approach, how much life insurance does Tabitha need assuming the rate of return will be 5%?
a)$450,000
b)$540,000
c)$900,000
d)$1,080,000
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
