You earn $75,000, you have an investment portfolio that can generate a 5% annual return....
60.1K
Verified Solution
Link Copied!
Question
Accounting
You earn $75,000, you have an investment portfolio that can generate a 5% annual return. If your beneficiary will need income for 25 years, what should be the face value of the insurance policy?
$1,100,543.034
$1,057,045.842
$75,000.000
$1,203,874.129
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!