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Donald has just won the lottery and will receive an annual payment of $ 1 7 0 , 0 0 0 every year for the

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Donald has just won the lottery and will receive an annual payment of $170,000 every year for the next 5 years. If the annual interest rate is 7%, what is the present value of the winnings? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal place, e.g.5,275.)
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Present value $
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