Problem 3-23 (Static) Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is! IS y=850 - 0.1% where y= Insurance needed (5000) x= Current age of head of household b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old. Answer is complete but not entirely correct. Amount of term life insurance 5 147,000 X thousands