Please arjent answer Spouse ASpouse BMarket wages80,000/year20,000/yearHome production12,000/year40,000/yearExpenses (net of added50,000/year50,000/yearincome)Debt/funeral costs220,000220,000How much life insurance should be purchased for Spouse B if using the expense approach, assuming25 years and 3% rate?Please select the number closest to your answer$1,090,655$870,655O $1,044,786O $348,262O $428,957.20

Using Expense approach Spouse B-----50,000/year Rate ---------- 3 Time -------- 25 years.

Answered: Spouse A Spouse B Market wages…

Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year Expenses (net of added 50,000/year 50,000/year income) Debt/funeral costs 220,000 220,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 12EA: Your friend has a trust fund that will pay her the following amounts at the given interest rate for...

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Question

Please arjent answer

Spouse A
Spouse B
Market wages
80,000/year
20,000/year
Home production
12,000/year
40,000/year
Expenses (net of added
50,000/year
50,000/year
income)
Debt/funeral costs
220,000
220,000
How much life insurance should be purchased for Spouse B if using the expense approach, assuming
25 years and 3% rate?
Please select the number closest to your answer
$1,090,655
$870,655
O $1,044,786
O $348,262
O $428,957.20

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