A beneficiary of an insurance policy has been awarded a monthly annuity of $$9,000$ per month to be paid over the next $20$ years. Using a rate of $9\%,$ what is the present value of the annuity?

$$1,118,537$

$$1,000,305$

$$1,694,301$

$$908,194$

none of these

QUESTION $35$

A $30,000$ car loan is made at an interest rate of $6\%,$ with monthly payments of $$912\mathrm{.}66.$ How much interest is paid in the first three months of the loan $($what is the total interest for the first three months$)?$

$$450$

$$439$

$$445$

$$591$

none of these