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How much life insurance does adriana need

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Question 1: ?Adriana is financially responsible for her aged parents. She wants to provide income for her parents for 15 years should she die. Adriana earns $52,000 after taxes and believes that her parents could live on 63 percent of her current income. If the insurance funds could be invested at 4 percent after taxes and inflation, how much life insurance does Adriana need? The approximate interest factor is 11.9.

Reference no: EM132869397

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