You have just won the lottery and will receive $$620,000$ in one year. You will receive payments for $27$ years, and the payments will increase $3$ percent per year. If the appropriate discount rate is $10$ percent, what is the present value of your winnings? You have just won the lottery and will receive $$620,000$ in one year. You will receive payments for $27$ years, and the payments will increase $3$ percent per year. If the appropriate discount rate is $10$ percent, what is the present value of your winnings?

You have just won the lottery and will receive $$620,000$ in one year. You will receive payments for $27$ years, and the payments will increase $3$ percent per year. If the appropriate discount rate is $10$ percent, what is the present value of your winnings? You have just won the lottery and will receive $$620,000$ in one year. You will receive payments for $27$ years, and the payments will increase $3$ percent per year. If the appropriate discount rate is $10$ percent, what is the present value of your winnings?