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Consider a lottery that pays to the winner an annual annuity of $ 20 that begins in one year and continues for 7 consecutive years

Consider a lottery that pays to the winner an annual annuity of $20 that begins in one year and continues for 7 consecutive years with one exception -- the payment at the end of year 5 (and only in this year) is not $20 but instead is $30. Using an interest rate of 9%, determine the present value of this prize. $ Place your answer in dollars and cents without using a dollar sign or 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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is $30. Using an interest rate of 9%, determine the present value of this prize. four decimal places of accuracy

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