Consider an inheritance that pays the beneficiary an annuity of $$850$ that begins immediately $($an annuity due$)$ and then annually in year $1$ through year $25($for a total of $26$ years$)$ with

one exception $-$ the payment in year $20,$ and only $20,$ is not $$850$ but $$0.$ Using an interest rate of $4\%,$ determine the present value of this cash flow stream.

$

INSTRUCTIONS: 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.