You are a dual income, no kids family. You and your spouse have the following debts: Mortgage

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You are a dual income, no kids family.

You and your spouse have the following debts:

Mortgage = $261,000; Auto loan = $10,000; Credit card balance = $2,150; and other debts = $6,200. Further, you estimate that your funeral will cost $9,000.

Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Jan 15, 2021 04:33 AM

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You are a dual income, no kids family. You and your spouse have the following debts: Mortgage

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Expert Answer:

Answer 151775 Explanation Using DINK method One half of mortgage 261000 130500 One half of ... View the full answer

Fundamentals of Corporate Finance

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