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Brief Exercise A-11 Robben Company is considering investing in an annuity contract that will return...

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Accounting

Brief Exercise A-11 Robben Company is considering investing in an annuity contract that will return $35,500 annually at the end of each year for 19 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Robben Company pay for this investment if it earns an 10% return? (Round answer to 2 decimal places, e.g. 25.25.) Robben Company should pay $

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