Question: If you put up $$42,000$ today in exchange for a $6\mathrm{.}5$ percent, $16-$year annuity, what will the annual cash flow be$?($Do not round intermediate calculations and round your final answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ Annual cash flowIf you put up $$42,000$ today in exchange for a $6\mathrm{.}5$ percent, $16-$year annuity, what will the annual cash flow be$?($Do not round intermediate calculations and round your final answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ Annual cash flow