Amy who is 40 today, buys into a fund that mecessitates that she pays $40,000 at the end of every quarter for a tital of 10 years. The fund Amy bought into will pay her beneficiary an annuity, paid every quarter, starting on her 60th birthday until retirement at age 75 (last payment). There is a interest rate of 5% per annum compounded annually. Calculate the annuity amount that will be paid to Amy's beneficiary