Question: Problem 12-9 Estimating Life Insurance Needs Using the DINK Method [LO12-2] You are a dual-income, no-kids family. You and your spouse have the following debts:

Problem 12-9 Estimating Life Insurance Needs Using the DINK Method [LO12-2]

Problem 12-9 Estimating Life Insurance Needs Using the DINK Method [LO12-2] You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage =$219,000; Auto loan =$17,200; Credit card balance =$2,700; and other debts = $6,300. Further, you estimate that your funeral will cost $5,500. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance

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