To help out with her retirement savings, Diane invests in an ordinary annuity that earns 5.4% interest, compounded annually. Payments will be made at the end of each year. How much money does she need to pay into the annuity each year for the annuity to have a total value of $98,000, after 19 years?

Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the

list of financial formulas.