A college student is reported in the newspaper as having won $10,000,000 in the Hoosier Lottery. However, as if often the custom with lotteries, she does not actually receive the $10 million now. Instead she will receive $500,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value of the amount she won? NOTE: We will ignore the effect of income taxes.