Calculate the present value annuity in millions

Reference no: EM131016569

You have won a lottery which will pay you 10 annual checks of $3 million each. Your checks will begin arriving starting a year from now. Calculate the present value annuity in millions of dollars of these cash flows assuming a discount rate of 5%.

$23.16 million
$30.00 million
$22.23 million
$15.34 million

Reference no: EM131016569

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