You found out that now you are going to receive payments of $$7,000$ for the next $15$ years. You will receive these payments at the beginning of each

year. The annual interest rate will remain constant at $11\%.$

What is the present value of these payments? $($Note: Round your answer to the nearest whole dollar.$)$

$$55,873$

$$50,336$

$$75,429$

$$44,698$