Petra and Stan have just divorced. They have a son, Marek, who just turned 3. In divorce court, the judge has ordered that Stan is required to pay Petra child support of $2,200 per month until Mareks 18th birthday, and that he must acquire adequate life insurance to satisfy this requirement in the event of his death Using the capital drawdown method, what is the approximate amount of life insurance that Stan should buy to meet his child support commitment?

Answer rating: 100% (QA)

22001215 396000 Stan has to pa... View the full answer