Wednesday, 12 February 2020

Tanya earns $65,000 per year and believes that she can earn 6% on her investment assets.

Tanya earns $65,000 per year and believes that she can earn 6% on her investment assets. If she uses an 80% replacement ratio how much life insurance does Tanya need using the capital retention approach?
A: $981,776
B: $918,667
C: $866,667
D: $986,676

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