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Janette Raffa has two young children and wants to take out an additional $300,000 of 5-year term insurance. Janette is 36 years old. (Use Table

Janette Raffa has two young children and wants to take out an additional $300,000 of 5-year term insurance. Janette is 36 years old. (Use Table 20.1) (for females subtract 3 years from the table).

a. What will be her additional annual premium?

Additional annual premium $

b. In 3 years, what cash value will have been built up?

Cash value $

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