Suppose you are considering an investment that will pay $$3\mathrm{.}1$ million dollars at the beginning of each year for the next $4$ years, starting today. What is the present value of that investment worth to you, if your required rate of return is $4\mathrm{.}5\%?$

Suppose you are considering an investment that will pay $$3\mathrm{.}1$ million dollars at the beginning of each year for the next $4$ years, starting today. What is the present value of that investment worth to you, if your required rate of return is $4\mathrm{.}5\%?$

$11\mathrm{.}62$

$14\mathrm{.}22$

$8\mathrm{.}52$

$11\mathrm{.}12$