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Sharon Kabana won the state lottery and will receive a payment of $89,729.45 at the end of each year for the next 20 years. If
Sharon Kabana won the state lottery and will receive a payment of $89,729.45 at the end of each year for the next 20 years. If the going rate of interest is 7.25 percent, what is the present value of her lottery winnings?
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