ri File Edit View History O < > h red Resources apter 4 Question 7 $3,077,551 $2,860,544 $3,231,428 $3,169,897 Use the Capitalized-Earnings Approach to calculate the following life insurance need for Thelma. F1 Bookmarks Thelma makes approximately $145,000 as an IT Manager which includes the 5% longevity bonus she received in December. She will receive a 3% raise next year which starts in January. She is a conservative investor with an investment goal of 5% in a low inflationary environment of 2%. Living in Florida, she has no state income tax and has a 22% tax rate. Her consumption rate trends are usually in the 20% range. What is her estimated life insurance need? C F2 canvas.rize.education Window Help Start Page MINUVER 96 80 F3 F4 2 10 pts 0 56