Compute the dollar range of the amount of life insurance

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Reference no: EM131880187

Alicia is 35 years old and earns $48,000 annually. The multiple of earnings approach to determine the amount of life insurance needed shows that she should have between 3.8 times and 7.7 times her annual earnings. Compute the dollar range of the amount of life insurance that Alicia should have. (Show all keystrokes, calculations, etc.)

Reference no: EM131880187

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