marpinco2477 marpinco2477
  • 08-04-2022
  • Business
contestada

Using the 7/70 method, a person with an $80,000 annual income should purchase how much life insurance?.

Respuesta :

bonnieaiken
bonnieaiken bonnieaiken
  • 08-04-2022

Answer:

$80,000, So, the amount of life insurance that should be bought is: = ($80,000 × 70%) × 7 = ($80,000 × 0.7) × 7 = $56,000 × 7!

Explanation:

Hope this helps you!

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