-Stranton Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 12 years. Stranton has obtained the following values related to the time value of money to help in its planning process and compounded interest decisions. 
To the closest dollar, what amount should Stranton Company pay for this investment if it earns a 9% return?
Definitions:
Lithium
A mood-stabilizing drug commonly used in the treatment of bipolar disorder and other mood disorders.
Antidepressant Effects
The therapeutic outcomes achieved from the use of medications or interventions designed to alleviate symptoms of depression.
Eysenck
Refers to Hans Eysenck, a psychologist who developed theories related to personality and its biological basis.
Psychotherapy
A therapeutic treatment involving psychological techniques, designed to assist individuals to overcome difficulties or achieve personal growth.
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