Using the human life value method how much life insurance, Financial Accounting

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Using the human life value method how much life insurance

Using the "Human Life Value" method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $61,500 received at the start of each years, and a time value of money of 7%? (Assume 80% income replacement, ignore taxes and inflation.)

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Financial Accounting: Using the human life value method how much life insurance

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