Oriole Company is considering investing in an annuity contract that will return $26,000 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 Oriole Company pay for this investment if it earns an 5% return? (Round answer to 2 decimal places, e.g. 25.25.)

Oriole Company should pay

$enter an amount to be paid in dollars rounded to 2 decimal places

please explain to me how the number comes from. Thank you