Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 70

Richard Ryan is evaluating his life insurance needs. His family's total living expenses are $37,500 per year. Olga, his wife, earns $14,900 per year in salary and receives another $3,500 annually in disability benefits from an insurance settlement for an accident. If the prevailing interest rate is
, how much life insurance should Richard purchase to cover his dependents' income shortfall Round to the nearest $ 1,000.