You Just Won the TVM lottery. You will receive $1 million today plus another 10 annual payments that increase 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?

This is using McGraw Hill Connect. I have tried three different functions now, and keep getting an incorrect error. It needs to be a single formula to calculate the sum of each value of all cash flows beyond today, then including today. Please help.

Complete the following analysis. Do not hard code values in your calculations. Value of all cash flows beyond today Value of all cash flows including cash flow today