jian is trying to figure out how much life insurance he requires. His net income is...

 

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jian is trying to figure out how much life insurance he requires. His net income is $5,250 per month. His mortgage payment is $2,000 per month and his lifestyle expenses total $2,500 per month. Using the income replacement approach, and assuming a 3.5% annual investment return, approximately how much life insurance should Jian purchase? 14 Oa) $130,000 Ob) Oc) Od) $150,000 $1.5 million $1.8 million jian is trying to figure out how much life insurance he requires. His net income is $5,250 per month. His mortgage payment is $2,000 per month and his lifestyle expenses total $2,500 per month. Using the income replacement approach, and assuming a 3.5% annual investment return, approximately how much life insurance should Jian purchase? 14 Oa) $130,000 Ob) Oc) Od) $150,000 $1.5 million $1.8 million