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6.26 Present value of an annuity due: Sharon Kabana has won a state lottery and will receive a payment of $89,729.45 every year, starting today,

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6.26 Present value of an annuity due: Sharon Kabana has won a state lottery and will receive a payment of $89,729.45 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 7.25 percent, what is the present value of the cash flows that she will receive? Round to the nearest dollar

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