Question: need help asap 3) (15 pts.) The maintenance cost for the car you just bought will be $350 the first year, the cost is expected

need help asap

3) (15 pts.) The maintenance cost for the car you just bought will be $350 the first year, the cost is expected to increase by $250 a year after that, and you plan to keep the car for 15 years. A company offers you maintenance insurance for a lump sum to be paid now. What is the maximum amount you should be willing to pay for it, if i=6%

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