equal installments, with the first payment being made on July 1, 2011. The agreement stipulated that the relevant interest rate applied to this deal would be 7.3%. Beginning on July 1, 2011 (and every July 1 for the following 24 years), how much was Bobby Bonilla paid by the Mets? In other words, what is the value of each annual salary installment? (Please note: The details of the above agreement have been altered slightly from the actual scenario presented in the weekly lecture.) The annual salary installment paid to Bobby Bonilla each year, beginning on July 1,2011 , is: (round your answer to the nearest dollar)