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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 7%. $1,287,351 $1,294,860 $1,268,675 $1,265,513

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