business math 13255615 2

I need help doing an assignment online 

business math 

example quesiton

If Mia’s husband were to die, she and her children could live on $42,200 per year. Mia makes $20,100 annually, and estimates additional income of $3,800 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 11.8% prevailing interest rate? Round your answer to the nearest $1000.

 

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