Problem $9-35($Algo$)$ Solving for an annuity $[$LO$9-4]$

Betty Bronson has just retired after $25$ years with the electric company. Her total pension funds have an accumulated value of

$$230,000,$ and her life expectancy is $17$ more years. Her pension fund manager assumes he can earn a $10$ percent return on her

assets.

What will be her yearly annuity for the next $17$ years? Use $A{p}_{p}endi{x}_{?}$ D for an approximate answer, but calculate your final answer using

the formula and financial calculator methods.

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.