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Crane Company is considering investing in an annuity contract that will return $28,620 annually at the end of each year for 18 years, Click here

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Crane Company is considering investing in an annuity contract that will return $28,620 annually at the end of each year for 18 years, Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What amount should Crane Company pay for this investment if it earns an 7% return? (Round answer to 2 decimal places, eg. 25.25.) Crane Company should pay 239195.943 e Textbook and Media

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