What is the present value of $$500$ payments received at the beginning of each year for the next $10$ years?$$ Assume an interest rate of $9\%$ compounded monthly.

Question $31$ options:

$$4,301\mathrm{.}82$

$$3,497\mathrm{.}62$

$$3,069\mathrm{.}13$

$$4,087\mathrm{.}16$

$$4,417\mathrm{.}9$