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Sheridan Company is considering investing in an annuity contract that will return $$33,500$ annually at the end of each year for $15$ years.

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What amount should Sheridan Company pay for this investment if it earns an $10\%$ return? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided. Round answer to $2$ decimal places, eg$.25\mathrm{.}25.)$

Sheridan Company should pay

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