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Suppose you win $1 million in a lottery and your winnings are scheduled to be paid as follows: $200000 at the end of one

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Suppose you win $1 million in a lottery and your winnings are scheduled to be paid as follows: $200000 at the end of one year, $200000 at the end of two years, and $600000 at the end of three years. If the interest rate is 5 percent, what is the present discounted value of your winnings? Provide your answer rounded to one decimal place The present value of these payments at the time you win the lottery $

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