You have a chance to buy an annuity that pays RM1,000 at the beginning of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay...

You have a chance to buy an annuity that pays RM1,000 at the beginning of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay for the annuity?