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SALA AaBbCcDc AaBbCcDc AaBbco 1 Normal 1 No Spac... Heading 1 v Paragraph KI Styles...

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Accounting

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SALA AaBbCcDc AaBbCcDc AaBbco 1 Normal 1 No Spac... Heading 1 v Paragraph KI Styles 8. Mildred earns $70,000 per year and long-term interest rates are currently about 4%. Mildred's life expectancy is about 30 years. Using a retention of capital method, what is the economic value of Mildred's life to her family (rounded to the nearest hundred) if she were to die tomorrow? (A) $1,210,400 (B) $1,750,000 (C) $2,100,000 (D) $3,925,900

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