Using the Human Life Value Method, how much life insurance does Carl need? Family Share of Earnings 52,500 Current Age 30 Retirement Age 65 Rate of Return 7% Inflation 3% Final Expenses and Debt $50,000 Payments O Approx. $850,000 O Approx. $950,000 O Approx. $1.05 Million O Approx. $1.5 Million

Using the Human Life Value Method, how much life insurance does Carl need? Family Share of Earnings 52,500 Current Age 30 Retirement Age 65 Rate of Return 7% Inflation 3% Final Expenses and Debt $50,000 Payments O Approx. $850,000 O Approx. $950,000 O Approx. $1.05 Million O Approx. $1.5 Million

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 35P

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Question

Using the Human Life Value Method, how much life insurance does Carl need?
Family Share of Earnings
52,500
Current Age
30
Retirement Age
65
Rate of Return
7%
Inflation
3%
Final Expenses and Debt
$50,000
Payments
Approx. $850,000
O Approx. $950,000
О Аpprox. $1.05 Million
O Approx. $1.5 Million

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