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Do the Math Problem 1 , page 371 Life Insurance Needs for a

    Do the Math Problem 1 , page 371: Life Insurance Needs for a Young Single.  Andrew Blake of Tuscaloosa, Alabama, issingle and has been working as an admissions counselor at a university forthree years. Andrew owns a home valued at $156,000 on which he owes $135,000.He has a two-year-old vehicle valued at $12,500 on which he owes $8,000. He hasabout $3,800 remaining on his student loans. His retirement account has grownto $7,800, and he owns some stock valued at $4,400. He has no life insuranceand is considering buying some. How much should he buy?

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