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Sheffield Lou has just won the lottery and will receive an annual payment of $110,000 every year for the next 20 years. If the annual

image text in transcribed Sheffield Lou has just won the lottery and will receive an annual payment of $110,000 every year for the next 20 years. If the annual interest rate is 9%, what is the present value of the winnings? (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Click here to view the factor table. Present value $

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