The first option is the amount of $3300 in 6 years. The second option is to receive the amount of $1200 immediately followed by some unknown annuity that is paid at the end of each year for 6 years with the first annuity payment received at the end of year 1. Using an interest rate of 3.50%, determine the unknown annuity amount for the second option that would make the present value of both options equivalent