HarMathAp12 6.4.047 + -/1 points My Notes 4. The terms of a single parent's will indicate that a child will receive an ordinary annuity of $13,000 per year from age 18 to age 24 (so that the child can attend college) and that the balance of the estate goes to a niece. If the parent dies on the child's 11th birthday, how much money must be removed from the estate to purchase the annuity? (Assume an interest rate of 5%, compounded annually. Round your answer to the nearest cent.) $ Submit