Stephanie purchased an annuity that will provide her with payments of $1,500 every month for 4 years, with the first withdrawal to be made in 3 years and 1 month, and the interest rate is 4.25%...

Extracted text: Stephanie purchased an annuity that will provide her with payments of $1,500 every month for 4 years, with the first withdrawal to be made in 3 years and 1 month, and the interest rate is 4.25% compounded semi-annually for the whole time. How much did she pay for it? Round to the nearest cent