onsider a lottery that pays to the winner an annuity of $750 that begins immediately (an annuity due) and then annually in year 1 through year 13 with one exception. Because of high administrative costs associated with running the lottery, the ayment in year 8, and only 8, is not $750 but $0. Using an interest rate of 8%, determine the present value of this cash flow stream. ISTRUCTIONS: 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 our decimal places of accuracy CHECK