Suppose that you earn $50,000 annually. You expect expenses to drop by 22% for your family in the event of your death

Currently, if you die, you want to provide for your family for at least 15 more years, and the applicable after-tax and inflation return assumed is 5%. Using the earnings multiple approach provided in your textbook, what would be the amount of life insurance that you should purchase?
A) $301,080
B) $404,820
C) $485,940
D) $500,000
E) 519,000


Answer: B

Business

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Answer the following statement true (T) or false (F)

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Large certificates of deposit in units of $500,000 are insured by FDIC.?

Answer the following statement true (T) or false (F)

Business