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Current Attempt in Progress X Incorrect The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $1,500 at the end of January, $2,300 at the end of February, $3,100 at the end of March, and so on up to $10,300 at the end of December. At the beginning of the next year, the sequence repeats starting at $1,500 in January and ending at $10,300 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,200,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 3.00 %/year/month on its investments and there is exactly one winning ticket? 1.70 Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is #$0.03. Click here to access the TVM Factor Table Calculator Hint Save for Later Attempts: 1 of 3 used Submit Answer Current Attempt in Progress X Incorrect The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot will receive $1,500 at the end of January, $2,300 at the end of February, $3,100 at the end of March, and so on up to $10,300 at the end of December. At the beginning of the next year, the sequence repeats starting at $1,500 in January and ending at $10,300 in December. This annual sequence of payments repeats indefinitely. If the gaming commission expects to sell a minimum of 1,200,000 tickets, what is the minimum price they can charge for the tickets to break even, assuming the commission earns 3.00 %/year/month on its investments and there is exactly one winning ticket? 1.70 Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is #$0.03. Click here to access the TVM Factor Table Calculator Hint Save for Later Attempts: 1 of 3 used Submit