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Present Value of an Annuity due: Sharon has won a state lottery and will receive a payment of $ 89,729.45 every year, starting today, for

Present Value of an Annuity due: Sharon has won a state lottery and will receive a payment of $ 89,729.45 every year, starting today, for the nest 20 years. If she invests the proceeds at a rate of 7.25 percen , what is the present value of the cash flows that she will receive?

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