A rich donor gives a hospital $1,000,000 two years from today. Each year after that, the hospital will receive a payment 6% larger than the previous payment, with the last payment occurring ten years...

A rich donor gives a hospital $1,000,000 two years from today. Each year after that, the hospital will receive a payment 6% larger than the previous payment, with the last payment occurring ten years from today. What is the present value (PV) of this donation, given that the interest rate is 11%?