3.Jeff is the recipient of a trust that will pay him $1,000 on the first day of each month, starting immediately and continuing for 40 years. What is the value of this inheritance today if the discount rate is 7.3 percent, compounded monthly?
(A) $146,811
(B)$137,557
(C)$180,204
(D)$156,385
(E) $380,102