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You earn $75,000, you have an investment portfolio that can generate a 5% annual return....

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Question

Accounting

You earn $75,000, you have an investment portfolio that can generate a 5% annual return. If your beneficiary will need income for 25 years, what should be the face value of the insurance policy?

$1,100,543.034

$1,057,045.842

$75,000.000

$1,203,874.129

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