Betty Bronson has just retired after 25 years with the electric company Her total pension funds have an accumulated of $400,000 , and her life expectancy is 16 more years . Her pension fund manager assumes he can earn a 10 percent return on her assets What will be her yearly annuity for the next 16 years? Use Appendix D for an approximate answer , but calculate your final answer the formula and financial calculator methods (Do not round intermediate calculations Round your final answer to 2 decimal pla Annuity $