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If interest is $4\mathrm{.}5\%$ compounded monthly, calculate the present value of five $$1,000$ monthly payments assuming cash flows at the beginning of the month.

Multiple Choice

$$4,838,77$

$$4,962\mathrm{.}78$

$$5094\mathrm{.}46$

$$5056\mathrm{.}53$

$$4784\mathrm{.}69$

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