Assume that you just won $$35$ million in the Florida lottery, and

hence the state will pay you $20$ annual payments of $$1\mathrm{.}75$ million

each beginning immediately. If the similar risk to the lottery

earnings $($e$.$g$.,$ the rate on $20-$year U$.$S$.$ Treasury bonds$)$ is $6$ percent,

what is the present value of your winnings?