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Sandhill Company is considering investing in an annuity contract that will return $ 29,000 at the end of each year for 15 years. What amount

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Sandhill Company is considering investing in an annuity contract that will return $ 29,000 at the end of each year for 15 years. What amount should Sandhill Company pay for this investment if it earns a 8% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg. 2,575.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Amount to be paid $

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