Question: (WORK ALL ANALYSIS USING ATLEAST 4 Decimal places please) Consider a lottery that pays to the winner an annual annuity of $76 that begins in

(WORK ALL ANALYSIS USING ATLEAST 4 Decimal places please)

Consider a lottery that pays to the winner an annual annuity of $76 that begins in one year and continues for 8 consecutive years with one exception -- the payment at the end of year 4 (and only in this year is not $76 but instead is $114 Using an interest rate of 3%, determine the present value of this prize. Place your answer in dollars and cents without using a dollar sign of a comma. For example, if your answer is one hundred thousand five hundred and seventy then place your answer as 100570 Work all analysis using at least four decimal places of accuracy

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