River Babylon, an archaeology professor, invests $65,000 in a parcel of land that is expected to increase in value by 8 percent per year for the next five years. He will take the proceeds and provide himself with a 12-year annuity. Assuming a 9 percent interest rate, how much the payments will be for the annulty? Use AnRendix A ARRendix D, (Round "PV Factor" to 3 decimal places. Round the final answer to nearest dollar amount.) Annuity value