If Roberta's husband were to die, she and her children could live on $52,500 per year. Roberta earns $13,900 annually and estimates additional income of $3,500 from other sources. How much insurance...


If Roberta's husband were to die, she and her children could live on $52,500 per year. Roberta earns $13,900 annually and estimates additional income of $3,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 4.9% prevailing interest rate? Round to the nearest $1,000.<br>

Extracted text: If Roberta's husband were to die, she and her children could live on $52,500 per year. Roberta earns $13,900 annually and estimates additional income of $3,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 4.9% prevailing interest rate? Round to the nearest $1,000.

Jun 05, 2022
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