How Much Insurance Would Be Needed in Order to Provide

question 90

Multiple Choice

How much insurance would be needed in order to provide for a family for 20 years if the pretax income necessary to cover living expenses is $50,000 and the money can be invested at 6%?

• A) $573,500
• B) $1,000,000
• C) $833,333
• D) $2,100,000

---

Definitions:

Combustion

A chemical process that involves the rapid combination of a substance with oxygen to release heat and light.

Cyclohexane

A saturated cyclic hydrocarbon with the formula C6H12, featuring a six-carbon ring structure.

Molecular Formulas

Representations that show the exact number of atoms of each element in a compound.

IUPAC Name

The standard naming convention for chemical substances as recommended by the International Union of Pure and Applied Chemistry.