Assume that John and Mary each work and make $40,000 each annually. There are no...
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Accounting
Assume that John and Mary each work and make $40,000 each annually. There are no children. The mortgage on the condo is $220,000 and they owe $15,000 on their car loans, and $7,000 on credit card loans. Estimated funeral costs are $10,000. What is a good estimate of the amount of life insurance they need? Include the name of the estimation method.
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