Question: You are performing an insurance needs analysis for your client Tabitha. Tabitha currently takes home $4,500 per month. Using a Capitalization of Lost Income approach,

You are performing an insurance needs analysis for your client Tabitha. Tabitha currently takes home $4,500 per month. Using a "Capitalization of Lost Income" approach, how much life insurance does Tabitha need assuming the rate of return will be 5%?a)$450,000

b)$540,000

c)$900,000

d)$1,080,000

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