Business, 24.04.2020 16:54 chelsey54

Using the "Desired Income" method, if you want to provide your survivors with a nominal annual income of $55,000 at the beginning of each year, how much life insurance is needed assuming your survivors can earn 7% interest annually? Assume a combined tax rate of 22%.
a. $268,817
b. $1,007,326
c. $250,000
d. $785,714

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Using the "Desired Income" method, if you want to provide your survivors with a nominal annual incom...

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