A university receives a grant that provides annual scholarsh…

A university receives a grant that provides annual scholarship payments to students. The first scholarship disbursement of $`A1`,000 will be awarded at the end of year 1, and each year the scholarship amount increases by `g`% to account for inflation, continuing for `n` years. The university applies a discount rate of `i`% to evaluate the value of these scholarships today. Calculate the present worth of all scholarship payments over the `n` years. Enter your answer with 2 decimal places and NO special characters. Do not submit a negative value; submit your answer as a positive value.