Assume Jimmy will receive $5,500 each year beginning one year from now for next 35 years (beginning next year). If the interest that applies is 10.4% and it compounds annually, what is the present value of the total amount of money Jimmy will receive? Be reminded of the fact the results shown through a financial calculator is based on the assumption that the first payment will be made one year from now. O $60,152.86 O $53,245.23 O $77,236.42 O $51,227.27