Takeshi has inherited $3 million which he will receive as 30 equal annual payments P with the first payment in one year's time. The effective annual rate is r. Which of the following pairs is correct? (To the nearest $1.) r = 1%, P = $115093 r =2%, P = $115093 r =2%, P = $116244 r = 1%, P = $116344 r = 1%, P = $116244