An insurance settlement of $1 million must replace Trixie Eden's income for the next 3 years. What income will this settlement provide at the end of each month if it is invested in an annuity that earns 8.3%, compounded monthly (a) Decide whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (1) solve the problem. (Round your answer to the nearest $70836 A 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 8.2%, compounded monthly? (a) Decide whether the problem relates to an ordinary annuity or an annuity due annuity due ordinary annuity (6) Solve the problem. (Round your answer to the nearest cont.) $1106349 20 X