Rigoberto's family would need $30,500 for annual living expenses if he should pass away. His wife earns $13,300 per year and the family has additional yearly income of $6,200 from investments. If the prevailing interest rate is 8.6%, how much life insurance is needed to cover the family's income shortfall? (Round to nearest $1,000)

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The Answer of Rigoberto's family would need $30,500 for annual living expenses if he should pass away. His wife earns $13,300 per year and the family has additional yearly income of $6,200 from investments. If the prevailing interest rate is 8.6%, how much life insurance is needed to cover the family's income shortfall? (Round to nearest $1,000)

Rigoberto's Family Would Need $30,500 for Annual Living Expenses If