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A retiree wants to purchase an annuity that will provide her with end - of - year payments for the next 3 0 years. She

A retiree wants to purchase an annuity that will provide her with end-of-year payments for the next 30 years. She wants the first annual payment to be $15,000, and for the payments to grow by 3% each year thereafter. If she can earn 5.5% compounded annually on her investments, what is the purchase price of the annuity today? (Round your final answer to 2 decimal places.)
Purchase price
$
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