Rigoberto's family would need 30,500 for annual living expenses if he should pass away. His wife earns 13,300 per year and the family has additional yearly income of 6,200 from investments. If the prevailing interest rate is 8.6, how much life insurance is needed to cover the family's income shortfall? (Round to nearest 1,000)
Question 2
Commission is a percentage method of compensation based on the number of sales the employee made in a period of time.
Indicate whether the statement is true or false
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