Jacky wants to have enough life insurance so that if he died while his kids...
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Finance
Jacky wants to have enough life insurance so that if he died while his kids were still dependent on him, his family would have the funds to provide a $56,000 annual income for 23 years. Assume the funds would get a 0.8% annual real rate of return. How much life insurance does he need to have to provide this security to his family? Input the number to the nearest dollar.
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