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Determine the amount of term life insurance

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Reference no: EM13831360

Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is:

y = 161 - .2x

where

y = Insurance needed ($000)

x = Current age of head of household

Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 21 years old.

Reference no: EM13831360

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