For this question, and the next two (three in all), Frozenentyme, Fierce, Penner & Smythe, the big brokerage firm, has offered to sell you an investment that will pay you $2,000 each year for the next 25 years. The first payment will beone year afteryou buy the investment.

• If you have to get a 7% return,How Muchshould you be willing to pay for this investment today?

Note, enter your answer as a decimal value, but without any commas nor dollar signs.That is, for two thousand dollars you would enter: 2000 or 2000.00,but not$2000nor2,000.