Arthur Company is considering investing in an annuity contract that will return $46,000 annually at the end of each year for 15 years. What amount should Arthur Company Pay for this investment if it earns on 8% return?

BED-11 Arthur Company is considering investing an annuity contract that return 46,000 annually at the end of each year for 15 years. What amount should Arthur Company Compute the prese pay for this investment if it earns an 8% return? in will an annuity invest Lo 6)