10.00 points When Marllyn Monroe died, ex-husband Joe DIMagglo vowed to place fresh flowers on her grave every Sunday as long as he Iived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $6. Based on actuarial tables, Joltin' Joe" could expect to live for 30 years after the actress died. Assume that the EAR is 11.4 percent. Also, assume that the price of the flowers will Increase at 3.7 percent per year, when expressed as an EAR. Assuming that each year has exactly 52 weeks, what is the present value of this commitment? Joe began purchasing flowers the week after Marllyn died.(Do not round your Intermediate calculations.) O $4,035.81 O $3,651.44 O $3,728.32 O $3,958.93 O $3,84363 References eBook & Resources Multiple Choice Learning Objective: 07-04 The impact of inflation on interest rates. Difficulty: Challenge