The Maybe Pay Life Insurance Company is trying to sell you an investment policy that will pay you and your heirs $37,000 per year forever. Assume the required return on this investment is 6.2 percent. How much will you pay for the policy?

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Omar is going on a road trip! the car rental company offers him two types of cars. each car has a fixed price, but he also needs to consider the cost of fuel. the first car costs $90 to rent, and because of its fuel consumption rate, there's an additional cost of s0.50 per kilometer driven.