and your spouse are in good health and have reasonably secure jobs. Each of you makes about $45,000 annually. You ou he with a $150.000 mortgage, and you owe $11,600 on car loans, $7.200 in personal debt, and $3.250 in credit card loans. e no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses 000. Estimate your total insurance needs using the DINK method. otal insurance need

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
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You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $45,000 annually. You own a
home with a $150,000 mortgage, and you owe $11,600 on car loans, $7.200 in personal debt, and $3.250 in credit card loans. You
have no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses will be
$8.000. Estimate your total insurance needs using the DINK method.
Total insurance need
ces
Transcribed Image Text:Saved You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $45,000 annually. You own a home with a $150,000 mortgage, and you owe $11,600 on car loans, $7.200 in personal debt, and $3.250 in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses will be $8.000. Estimate your total insurance needs using the DINK method. Total insurance need ces
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