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Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value $240,000, and her expectancy 18

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

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