You invest $13,562 in an annuity contract that earns 12% interest, compounded annually. You are to receive annual payments for the next ten years. How much will each of the payments be? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.)

$1,849

$1,356

$2,400

$1,859