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All answers must be entered as a formla. You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments

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You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments that increase by $450,000 per year. Thus, in one year, you receive $1.45 million. In two years, you get $1.9 million, and so on. If the appropriate interest rate is 7 percent, what is the present value of your winnings? Complete the following analysis. Do not hard code values in your calculations

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