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Suppose you win a big prize in the lottery. The prize is a sequence of annual payments where you receive $1.00 million at year 0

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Suppose you win a big prize in the lottery. The prize is a sequence of annual payments where you receive $1.00 million at year 0 and then, every year after, the annual payment increases by 4.00% until year 5 (there are a total of 6 annual payments). What is the present value (in millions) of this prize at 10.00% annual interest rate? O $4.94 O $6.60 O $5.24 O $6.00

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