Mathematics
Mathematics, 20.09.2019 19:20, kaliyaht01

Just before his first attempt at bungee jumping, john decides to buy a life insurance policy. his annual income at age 30 is $36,000, so he figures he should get enough insurance to provide his wife and new baby with that amount each year for the next 35 years. if the long-term interest rate is 6.9%, what is the present value of john's future annual earnings? (round your answer to the nearest cent.) rounding up to the next $50,000, how much life insurance should he buy? (round your original answer to the nearest $50,000.) $

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