Rick and Susan Are Looking to Buy Insurance to Cover

Rick and Susan are looking to buy insurance to cover Rick's salary since Susan is a stay-at-home mom to their three children.Rick's salary is $120,000 per yer and they feel like they would need to replace this for 20 years until the children are out of school.If they believe they can get a 4.5% return after taxes and inflation,what are their insurance needs today?

A) $2,400,000
B) $1,493,798
C) $1,200,000
D) $1,248,761