Question: Problem 7-20 You are offered an annuity that will pay $9,000 a year for eight years (that is, elght payments), but the payments start after

Problem 7-20 You are offered an annuity that will pay $9,000 a year for eight years (that is, elght payments), but the payments start after four years have elapsed. If you want to earn 8 percent on your funds, what is the maximum you should pay for this annuity? Use Appendix B and Appendix. D to answer the question. Round your answer to the nearest dollar: $

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