wants to use the capital retention approach to determine how much life insurance to purchase. Robert would like to provide $35,000 per year to his family, forever, if he dies. The assets he owns today will provide $25,000 in annual income without the liquidation of these assets. If life insurance proceeds can be invested to earn a 5 percent annual return, how much life insurance should Robert purchase (if any) to fund the additional income needed to meet his $35,000 annual income goal

$200,000

Explanation:

Robert's wants to provide $35,000 per year to his family after he dies

Amount which will be catered for by the asset he owns today = $25,000

Life insurance earns 5% annual return

The amount of life insurance which should be purchased ;

Amount required from insurance proceed:

$35, 000 - $25000 = $10000

If insurance earns 5% per annum;

Let Amount of life insurance bought = y

y * 5% = required amount from insurance

y * 0.05 = 10,000

0.05y = 10,000

y = 10000 ÷ 0.05

y = $200,000

answer; is the sum of all individual demands curves;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.