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Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $240,000, and her lfe

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Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $240,000, and her lfe expectancy is 18 more years. Her pension fund manager assumes he can ean a 11 percent return on her assets. What will be her yearly annuity for the next 18 years? Use Appendx D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.(100 not round intermediate calculations. Round your final answer to 2 decimal places)

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