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damaskus [11]
3 years ago
11

Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th

eir family, which includes two children, ages 5 and 12. they have determined that their annual income is $60,000 and their net worth is now $150,000. What is the amount of life insurance they should carry using the Easy Method?
Business
1 answer:
ycow [4]3 years ago
7 0

Answer:

the amount of the life insurance when the easy method is used is $294,000

Explanation:

The computation of the amount of the life insurance when the easy method is used is given below:

= Annual gross income × 70% × 7 times

= $60,000 × 70% × 7 times

= $294,000

Hence, the amount of the life insurance when the easy method is used is $294,000

The same is to be considered and relevant

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3 years ago
General mills offers three sizes of its popular cereal cheerios: 10-, 14-, and 18-ounce boxes, and they are priced at approximat
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4 0
3 years ago
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Alla [95]

Answer:

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Explanation:

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In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported
frez [133]

Answer:

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3 years ago
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