What is the present value of an annuity with payments of $$

$

$80$

$,$

$000\mathrm{.}00$

$$80,000\mathrm{.}00$ paid annually for

$25$

$25$ years at

$6$

$\%$

$6\%$ compounded annually? Assume the interest rate does not change while the account is open. Round your answer to the nearest cent.