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What is the present value of an annuity due that pays you $8,000 per month for the next 40 years? Assume no terminal value and

What is the present value of an annuity due that pays you $8,000 per month for the next 40 years? Assume no terminal value and a discount rate of 5%. $1,461,251 $1,453,981 $1,565,513 $1,665,987

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