Question

Using the 7/70 method, a person with an $80,000 annual income should purchase how much life insurance?.

Answer 1

$80,000, So, the amount of life insurance that should be bought is: = ($80,000 × 70%) × 7 = ($80,000 × 0.7) × 7 = $56,000 × 7!

Step-by-step explanation:

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