What is the approximate present value of an ordinary annuity $($beginning one year from now$)$ of a stream of $25$ annual payments of $$55,000$ if you use a discount rate of $7\%?($Hint: Use an EXCEL function, $=$ PV$($rate$,$ nper, pmt$,[$fv$])).$

$$587,112\mathrm{.}69$

$$640,947\mathrm{.}07$

$$670,883\mathrm{.}22$

$$770,123\mathrm{.}49$

$$987\mathrm{.}345\mathrm{.}78$