inheritance. James plans to receive a monthly annuity of $779 for the next 25 years as part of his The interest rate is 10.78 per annum compounded monthly Calculate the present value (PV) of this annuity. Oo $72.26 $779.00 $867.16 $289.05 O $1.11

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A: The total value of annuity can be calculated as sum of future value of cash flows.

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