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Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $19,800 at

Value of a retirement annuityPersonal Finance Problem

An insurance agent is trying to sell you an annuity, that will provide you with $19,800 at the end of each year for the next 30

years. If you don't purchase this annuity, you can invest your money and earn a return of 7%.

What is the most you would pay for this annuity right now?

Ignoring taxes, the most you would pay for this annuity is

$______. (Round to the nearest cent.)

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