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James plans to receive a monthly annuity of $779 for the next 25 years as part of his inheritance. The interest rate is 10.78 per

James plans to receive a monthly annuity of $779 for the next 25 years as part of his inheritance. The interest rate is 10.78 per annum compounded monthly. Calculate the present value (PV) of this annuity. $289.05 $779.00 $72.26 $867.16 $1.11

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