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shepherd shepherd
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8 years ago
Brad earns $50,000 per year as a manufacturer's rep and his wife, Nancy, earns $100,000 per year as an Oncologist. When they had children, Nancy left her practice to become a full-time mother. The family's expenses are $35,000 per year, which includes an amount being saved for the children's college education. Brad and Nancy have two children, ages 2 and 5. They receive an average return of 6% on their investments. Nancy has retained her active medical license and plans to return to work full-time when the children enter school. Using the budget method, how much life insurance should the family have in the event of Brad's death?
A) $573,500      B) $1,147,000      C) $344,100        D) zero
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Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
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#3
8 years ago
Happy to help Slight SmileSlight Smile
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#4
3 years ago
thank you
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