You have a chance to buy an annuity that pays $7,639 at the beginning of each year for 5 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? (Hint: "the most you should pay" .... basically = "what is the price?" ..... You would agree to pay a lower price than the fundamental (true) price. You would not, however, agree to pay any price above the true price, right?)