Multiple Choice
Sam figures it will take $250,000 invested at 6% to provide suitable income to his family for 12 years. He would also like to have $40,000 set aside to educate his two children. Sam's current savings is $20,000. How much life insurance does he need using the budget method?
A) $190,000
B) $250,000
C) $270,000
D) $310,000
Correct Answer:
Verified
Correct Answer:
Verified
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