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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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91613823

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