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Question 1 (10 points) E4) Listen You just one a lottery prize (powerball GA). Today's value of the prize is $600,000. However, you do not

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Question 1 (10 points) E4) Listen You just one a lottery prize (powerball GA). Today's value of the prize is $600,000. However, you do not want to receive all the money at once today. Instead you want to receive equal monthly amounts over 1 years. If the APR is 12% compounded monthly and the first monthly installment is to be received a month from today, how much is each of the monthly installments? For your answer round to the nearest dollar, do not enter the dollar ($) sign, and use commas for the thousands. For example, if you obtained $1,240.75 then enter 1,240

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