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What is the present value of an 40 annuity due that pays 3,814 per month for the next 10 years? Assume no terminal value and

What is the present value of an 40 annuity due that pays 3,814 per month for the next 10 years? Assume no terminal value and a discount rate of 7%.

$1,287,351

$1,294,860

$1,268,675

$1,265,513

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