Wildhorse Marine Supply Company is considering investing in an annuity contract that will return $$60,000$ annually at the end of each

year for $12$ years. What amount should Wildhorse pay for this investment if it earns an $4\%$ return? $($For calculation purposes, use $5$

decimal places as displayed in the factor table provided. Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Click here to view Table $4.$

Wildhorse pay for imestment $