Problem
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%?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.