At your favorite annuity store, Annuities-R-Us, you see a security that offers 46 equal payments, with the first payment of $600 occurring today, and all other payments of $600 paid in succeeding 7 -month intervals; payments will therefore be at months 0,7,14,21…294,301,308, and 315. You determine that the correct discount/compounding rate is a nominal annual rate of 5.0 percent, with monthly compounding. Given this information, determine the value of this annuity at Month 315. $67,259 $57,184 $74,982 $39,014 $48,877