Author Question: Francesco's wife earns 14,250 per year. If Francesco dies, his family would require 88,200 to cover ... (Read 114 times)

notis · **on:** Jun 24, 2018

Francesco's wife earns 14,250 per year. If Francesco dies, his family would require 88,200 to cover their living expenses. Some of the yearly expenses would be offset by 12,400 from stock dividends, but this is still not enough. How much insurance should Francesco have to cover the shortfall, given a 10.4 prevailing interest rate? (Round your answer to the nearest 1,000)
A) 328,000
B) 418,000
C) 592,000
D) 114,000

Question 2

Net pay is the same as take-home pay.
Indicate whether the statement is true or false