Carol feels that the best way to determine how much life insurance she needs is to use the capital drawdown method. If inflation is 2.1% and she wants to have enough life insurance to provide her family with $33,000 for 23 years, how much life insurance does she need? Use the capital drawdown method to calculate the life insurance she needs and input your answer to the nearest dollar.

Answer rating: 100% (QA)

Given Annual withdrawal amount 33000 Inflation rate 21 expressed as 0021 as a ... View the full answer