Consider an inheritance that pays the beneficiary an annuity of $700 that begins immediately (an annuity due) and then annually in year 1 through year 14 (for a total of 15 years) with one exception - the payment in year 9, and only 9, is not $700 but $0. Using an interest rate of 5%, 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