Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that

will provide you with $$18,800$ at the end of each year for the next $20$ years. If you don't purchase this annuity, you can

invest your money and earn a return of $6\%.$ What is the present value of the annuity?

Ignoring taxes, the present value of the annuity is $

$($Round to the nearest cent.$)$