Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $12,000 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and earn a return of 3%. 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.)