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A young man, 30 years of age, was killed while working as a lineman for the local electric authority. His annual salary was $27,500. The electric authority also contributed to health insurance coverage and retirement at a cost of 12% of the annual salary. His salary was projected to increase annually by $1500, and the lineman was expected to retire at age 55. What amount should the estate receive for lost income and benefits using an interest rate of 8%?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92638633

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