An MBA student's aging parent mentions that their insurance agent has offered to sell them a product to provide some security for their descendants.  This product's first payout will be 5 years from today, will be $3,000 per month and grow at 0.25% per month indefinitely.  Their opportunity cost of funds is 8% per year, compounded monthly.  

What is the maximum price the parent should pay for this insurance product? Create and label a CF timeline?