Question: Using the Human Life Value method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $65,100

Using the "Human Life Value" method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $65,100 received at the start of each year, and a time value of money of 9%? (Assume 80% income replacement, ignore taxes and inflation.)

a) $716,249

b) $736,740

c) $695,311

d) $617,695

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