Problem $4-11$ Calculating Present Values $[$LO $2]$

You have just received notification that you have won the $$2\mathrm{.}1$ million first prize in the Centennial Lottery. However, the prize will be awarded on your $100$th birthday $($assuming you$$re around to collect$),70$ years from now. What is the present value of your windfall if the appropriate discount rate is $11$ percent?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.$