Present value. County Ranch insurance Compary wants 10 offer a guaranteed annuity in units of $600, payable at the end of each year for 10 years. The company has a strong investmeot recond and can consistently eaen 9% on its imestments afler taxes. If the company wants to make 1% on this contract, what price thoukd it set on ith Use 6% as the discount rate. Assume is is an ordinary annuly and the price is the same thing as present value. What price should the conpany set en the annuky oontract? (Round to the nearest cent)