Just before his first attempt a bungee jumping, john decides to buy a life insurance policy. his annual income at age 30 is $35000 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 6.2% what is the present value of john's future annual earnings?

Rounding up to the next $50000 how much life insurance should he buy?