1. Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 7 years. Assume that money is worth 6.2%, compounded quarterly. (Round your answer to the nearest cent.) 2. With a present value of $145,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 7.9%, compounded quarterly? (Round your answer to the nearest cent.) 3. A $2.4 million state lottery pays $10,000 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 6%, compounded monthly