Betty Bronson has just retired after $25$ years with the electric company. Her total pension funds have an accumulated value of

$$210,000,$ and her life expectancy is $15$ more years. Her pension fund manager assumes he can earn a $8$ percent return on her assets.

What will be her yearly annuity for the next $15$ years? Use Appendix D for an approximate answer, but calculate your final answer using

the formula and financial calculator methods. $($Do not round intermediate calculations. Round your final answer to $2$ decimal places.$)$

Annuity