Hazel recently won the lottery! Over the next five years, Hazel will receive the following payments....

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Hazel recently won the lottery! Over the next five years, Hazel will receive the following payments. • One year from now: $113,000 • Two years from now: $268,000 . Three years from now: $343,000 . Four years from now: $401,000 Five years from now: $533,000 A If the discount rate is 4%, what is the present value of Hazel's winnings? Hazel recently won the lottery! Over the next five years, Hazel will receive the following payments. • One year from now: $113,000 • Two years from now: $268,000 . Three years from now: $343,000 . Four years from now: $401,000 Five years from now: $533,000 A If the discount rate is 4%, what is the present value of Hazel's winnings?

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