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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 8
Joe Moutran is evaluating his life insurance needs. His family's total annual living expenses are $54,500. Gloria, his wife, earns a salary of $28,900 per year. If the prevailing interest rate is 4%, how much life insurance should Joe purchase to cover his dependents' income shortfall in the event of his death
Explanation
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Here, total living expenses pe...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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