Question: Charise sets up a 7 . 0 2 % CRAT and deposits $ 1 , 0 0 0 , 0 0 0 . The balance

Charise sets up a 7.02% CRAT and deposits $1,000,000. The balance in CRAT at the end of the year is the following.
Yr11,1,100,000
Yr,1,077,613
Yr 31,050,000
What is the amount of the annuity payment in year 2?
Charise sets up a 7 . 0 2 % CRAT and deposits $ 1

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