Assume that $200,000 of life insurance death proceeds are to be paid to a beneficiary under the 15-year fixed-period option. The payments to the beneficiary are to be made annually, beginning immediately. The present-value-of-an-ordinary-annuity factor for 15 years and 4% is 11.11839. In this case, the size of the annual payment to the beneficiary will be which of the following?

		$13,866
		$17,296
		$17,988
		$24,012