Answer:
The woman will receive $ 4,171.96 per year.
Explanation:
We need to determinate the PTM of a 15 years' ordinary annuity which present value is 30,000 discounted at 11%
[tex]PV \div \frac{1-(1+r)^{-time} }{rate} = C\\[/tex]
PV $30,000.00
time 15
rate 0.11
[tex]30000 \div \frac{1-(1+0.11)^{-15} }{0.11} = C\\[/tex]
C $ 4,171.957