On July 1, 2000, the New Yock Mets reached an agreement with Bobby Bonila to dofor the remaining $55 millon on Bonila's contract (with interesti, which would have otherwise been due to be paid immediately. The deferment agreement called for the salary to be paid in 25 equal instalments, with the first papment being made on duly 1 , 2011, The agreemont atipulated that the reievont interest rat appled to this deal would be 7.6%. Begining on July 1,2011 (and every July 1 for the following 24 years) how much was Bobby gonlla paid by the Mets? In othe words, what is the value of each arrual salary instalinent? (Please note The detais of the abeve agreement have been atered slightly from the actual scenario presented in the weekly lecture) The annual saiary instaliment paid to Bobby Bonilla each year, beginning on Wly 1, 2011, is (round your answer to the nearest doltar)