Question: Sarah, age 2 8 , eams $ 7 8 , 0 0 0 annually from her job as a project manager. She lives alone and

Sarah, age 28, eams $78,000 annually from her job as a project manager. She lives alone and owns a condominium, which she rents out for $2,100 a month. Her total monthly living expenses, including mortgage payments, health insurance, and utilities, amount to $4,100. To maintain her current lifestyle in case of a disability, Sarah is considering purchasing disability income insurance.
How much disability benefit does Sarah need per month to cover her expenses if she becomes disabled?
Select one
$6.500
b $4400
$2.000
d 54,100

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!