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You have no more attempts left for this question. You may try this question again BUT you will NOT receive credit for it. Consider an

image text in transcribed You have no more attempts left for this question. You may try this question again BUT you will NOT receive credit for it. Consider an inheritance that pays the beneficiary an annuity of $500 that begins immediately (an annuity due) and then annually in year 1 through year 22 (for a total of 23 years) with one exception - the payment in year 17, and only 17 , is not $500 but $0. Using an interest rate of 8%, 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

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