How much term life insurance should you have to provide your family with $75,000 per year pretax for general expenses for 40 years, plus immediately pre-fund two $100,000 college accounts for your two children in the event of your death
Assume your death benefit could be invested at 6% per year for the entire period.
A) $1,200,000
B) $1,357,000
C) $1,328,472
D) Not enough information to determine the answer
Answer: C
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Answer the following statement true (T) or false (F)