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You will receive $ 1 0 0 each month indefinitely and the first payment will be made immediately. If a rate of 8 . 8

You will receive $100 each month indefinitely and the first payment will be made immediately. If a rate of 8.8%, compounding monthly, is applicable, the total present value of the amounts to be received will be ?
Multiple Choice
$1236.36
$13636.36
$13,736.36
$1136.36
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