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 years, and a time value of money of 9% ? (Assume 80% income replacement, ignore taxes and inflation.) $695,311 $716,249 $736,740 $617,695 Question 5 0/1pt Using the "Human Life Value" method, how much life insurance should you purchase if you take into account 3% annual inflation over the next 45 years until retirement, an annual income of $65,100 received at the start of each years, and a time value of money of 9% ? (Assume 100% income replacement and a marginal tax rate of 15% ) "Round the adjusted rate of return to two decimal places when expressed as a \%" $1,588,939 $1,272,027 $1,301,325 $1,545,823