The Maybe Pay Life Insurance Co$.$ is trying to sell you an investment

policy that will pay you and your heirs $$30,000$ per year forever. If the

required return on this investment is $5\mathrm{.}6$ percent, how much will you

pay for the policy?

Input area:

$($Use cells A$6$ to B$7$ from the given information to complete this question. Your answer should be a positive value.$)$

Output area:

Present value

Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show y

Nothing in this area will be graded, but it will be submitted with your assignment.