You have the opportunity to purchase a $160,000 Term life insurance policy for $120 per year for the next four years. Your bank has offered you credit life insurance in conjunction with a $12,000 four-year (48-month) loan you are applying for. The credit life insurance premium would be a one-time-up-front fee of $348. What is the annual cost per $1,000 of insurance for the term life insurance and the credit life insurance