An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $ 6 comma 700 6,700 at the end of each year for the next 30 30 years. You currently earn 3 3% on low-risk investments comparable to the retirement annuity. Ignoring taxes, what is the most you would pay for this annuity?

Ignoring taxes, the most you would pay for this annuity is

$ .(Round to the nearest cent.)