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Current Attempt in Progress The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive

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Current Attempt in Progress The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $500 at the end of January, $1,900 at the end of February, $3,300 at the end of March, and so on up to $15,900 at the end of December. At the beginning of the next year, the sequence repeats starting at $500 in January and ending at $15,900 in December This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 950,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 9.00 %/year/month on its investments and there is exactly one winning ticket? $ Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is $0.03

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