Ingrid is a widow with two teenage children. Her total income is $3000 per month, and taxes
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Ingrid is a widow with two teenage children. Her total income is $3000 per month, and taxes take about 30 percent of this income. Using the income method, Ingrid calculates she will need to purchase about eight times her after-tax income in life insurance to meet her needs. How much insurance should she purchase?
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