Problem $5-11$ Calculating Present Values $[$LO$2]$

You have just received notification that you have won the $$3$ million first prize in the

Centennial Lottery. However, the prize will be awarded on your $100$th birthday $($assuming

you're around to collect$),75$ years from now. What is the present value of your windfall if

the appropriate discount rate is $10$ percent? $($Do not round intermediate calculations

and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Present value