A church wants to provide a retirement pilan for the senior paster who agrd 55years now. The plan will provide the pastor with an annuity immediate of Ghas7000 every year for 15years upon his...

A church wants to provide a retirement pilan for the senior paster  who agrd 55years now. The plan will provide the pastor with an annuity immediate of Ghas7000 every year for 15years upon his retirement of the age of 65years. The church is funding this plan with an annuity-due of 10years. If the rate of effective interset is 5%, what is the amount of installment the church should pay?.