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Steven is planning for his retirement this year. One option that has been presented to him is the purchase of an annuity that would provide a $$44,000$ payment each year for the next $12$ years.

Click here to view the factor table.

Calculate how much Steven should be willing to pay for the annuity if he can invest his funds at $11\%.($For calculation purposes, use $4$ decimal places as displayed in the factor table provided and round final answer to $0$ decimal place, e$.$g$.58,971.)$

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