9. You and your spouse just adopted twin girls, little Heather and Beth. You want to make sure they are taken care of for the next 22 years. (A)Based on the following information, how much life insurance needs to be purchased for the husband, if any? (B) How much, if any, needs to be purchased for the wife? Assume 3% inflation rate. Market Labor Value Household Production Value Husband $72,000 $15,000 $15,000 Wife $40,000

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9. You and your spouse just adopted twin girls, little
Heather and Beth. You want to make sure they
are taken care of for the next 22 years. (A)Based
on the following information, how much life
insurance needs to be purchased for the husband,
if any? (B) How much, if any, needs to be
purchased for the wife? Assume 3% inflation
rate.
Market Labor Value Household Production Value
Husband $72,000
$15,000
$15,000
Wife
$40,000
Transcribed Image Text:9. You and your spouse just adopted twin girls, little Heather and Beth. You want to make sure they are taken care of for the next 22 years. (A)Based on the following information, how much life insurance needs to be purchased for the husband, if any? (B) How much, if any, needs to be purchased for the wife? Assume 3% inflation rate. Market Labor Value Household Production Value Husband $72,000 $15,000 $15,000 Wife $40,000
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