What is the approximate amount of life insurance

Assignment Help Business Management
Reference no: EM133144581

After taxes, Xue clears $6,400 in income each month. Her mortgage is currently $350,000 and her monthly mortgage payment is $2,200. Xue has decided to purchase life insurance and she asks her insurance agent, Cinzia, to determine the appropriate amount, accounting for inflation. Assuming an annual investment return of 4.5% and an average annual rate of inflation of 2.5%, what is the approximate amount of life insurance Xue needs using the income replacement approach?

Reference no: EM133144581

Questions Cloud

Mergers and acquisitions in foreign markets : Mergers and acquisitions in foreign markets has increased over the past decades.
Draw a bar chart to compare the artists of the songs : Analyse the distribution of the average rating of all the movies after the year 2000 and Draw a bar chart to compare the artists of the songs
Temporary insurance agreement : You have just completed an insurance application with your new client. You have reached the point where you are reviewing the Temporary Insurance Agreement (TIA
Introduces tableau for data visualization : This course introduces Tableau for data visualization. You as the subject matter expert (SME) are asked to support or offer an alternative solution to Tableau.
What is the approximate amount of life insurance : Assuming an annual investment return of 4.5% and an average annual rate of inflation of 2.5%, what is the approximate amount of life insurance Xue needs
Initially considered only as means of securing market access : Initially considered only as means of securing market access, alliances today are an integral part of global strategies in all parts of the value chain.
Prepare a schedule reflecting an incremental analysis : Prepare a schedule reflecting an incremental analysis of this proposal and indicate the effect the acceptance of this order might have on the company's income
What is return on equity : ABC Corp. has Sales of 10,000, gross margin of 35%, operating expenses 2,500 and a tax rate of 30%. What is return on equity
Financial Statement Analysis : Obtain the basic financial statements for the two companies. Company annual reports are normally posted under the "Investor Relations" tab of their web sites.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd