Assume Jimmy will receive $5,600 each year beginning one year from now for next 34 years (beginning next year). If the interest that applies is 10.3% 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 $52,665.23 O $52,429.01 O $71,326.35 O $53,326.27