9.Fair insurance Ltd. is selling a 36-year annuity that will pay the annuitant of $60,000 at the end of each of the next 18 years and thereafter will pay $70,000 at the end of each of the remaining 18 years. The relevant interest rate of the annuity is 4% per annum throughout 36 years. Mr. Wilson wants to buy the annuity offered by Fair Insurance. What is the maximum price he should be willing to pay for the annuity?