What is the present value of a stream of $$500$ payments every month at the end of the month for $20$ years if the fair discount rate is $8\%?$

Group of answer choices

$$9,332\mathrm{.}95$

$$58,908\mathrm{.}88$

$$59,777\mathrm{.}15$

$$60,175\mathrm{.}66$