What amount will be required to purchase a 20-year annuity paying $2,500 at the end of each month if the annuity provides a return of 6.75% compounded annually?

Name: What amount will be required to purchase a 20-year annuity paying $2,500 at the end of each month if the annuity provides a return of 6.75% compounded annually?
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The Answer of What amount will be required to purchase a 20-year annuity paying $2,500 at the end of each month if the annuity provides a return of 6.75% compounded annually?

What Amount Will Be Required to Purchase a 20-Year Annuity