Question: The correct answer is B but how can I solve it using a financial calculator ? 30.116. You have just won the lottery and will

The correct answer is B but how can I solve it using a financial calculator ?

30.116. You have just won the lottery and will receive $540,000 as your first payment one year from now. You will receive payments for 26 years. The payments will increase in value by 4 percent each year. The appropriate discount rate is 10 percent. What is the present value of your winnings? A. $6,221,407 B. $6,906,372 C. $7,559,613 D. $7,811,406 E. $8,003.11

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