What is the Present Value of an annuity due with the following terms: 10 years, 8% rate, $60,000 annual payments? $4,978,257 $613,714 $434,813 $809,921 In order to save $1 million dollars for retirement in 35 years, at an average expected annual return of 6%, end-of-month savings contributions would need to be $4,879.30 $5,701.90 $62, 101 $701.90