escription Assignment Submission For this assignment, you submit answers bystion parts. Th number of submissions remaining for each question part only o you submit or change the answer This assignment contains problems from section 6.4: Present value of an annuity Instructions Assignment Scoring Your best submission for each Instructions You have one week to complete this assignment It is due on Thursday, April 25 at 1:30PM. You are allowed up to five submissions per question before it is marked incorrect. Many questions will give you links to material related to the question if you are stuck. When a question asks for an exact answer, it means to include the fractional representation, not a rounded decimal question part is used for your scon 9 O-12 points HarMathAp11 6.4.032 Ask Your Teach My Notes A $4.8 million state lottery pays $20,000 at the beginning of each month for 20 years. How much money must the state actually have in hand to set up the payments for this prize if money is worth 5.5%, compounded monthly? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. annuity due O ordinary annuity (b) Solve the problem. (Round your answer to the nearest cent.) aich Need Help? Re 20 6 5 4 3 2