Estimate your total insurance needs using dink method

Assignment Help Financial Management

Reference no: EM131620272

You and your spouse are in good health and have reasonably secure careers. Each of you makes about $57,000 annually. You own a home with an $114,000 mortgage, and you owe $32,000 on car loans, $8,000 in personal debts, and $9,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Estimate your total insurance needs using the DINK method. Assume funeral expenses of $5,000.

Reference no: EM131620272

Questions Cloud

What is the present value of the mortgage pass : What is the present value of the mortgage pass-through if the entire pool is repaid after two months and there is no change in interest rates?

Yield to maturity on similarly outstanding debt for firm : Calculate the yield to maturity on similarly outstanding debt for the firm, in terms of maturity.

Buy piece of equipment-what is the internal rate of return : You buy a new piece of equipment for $14,761, and you receive a cash inflow of $2,300 per year for 10 years. What is the internal rate of return?

The greek crisis-a tragedy or opportunity : The Greek Crisis: A Tragedy or Opportunity?

Estimate your total insurance needs using dink method : You and your spouse are in good health and have reasonably secure careers. Estimate your total insurance needs using the DINK method.

Calculate the real rate of return : Calculate the real rate of return. What is my purchasing power?

Variable annuity contract : Sophia purchased a variable annuity contract with $90,000 purchase payment. What was the surrender charge Sophia had to pay?

About the retirement income goal : How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?

Assume that three years ago you purchased corporate bond : Assume that three years ago you purchased a corporate bond that pays 4.7 percent.

User Account

All Pages