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Incorrect Question 12 0/5 pts The state of Tennessee wants to create a fund to pay out a lottery winner who won $800,000. They plan

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Incorrect Question 12 0/5 pts The state of Tennessee wants to create a fund to pay out a lottery winner who won $800,000. They plan to pay him quarterly, over 20 years, which means each payment will be $800,000/80 = 10,000. If the state can earn 6.5% interest, compounded quarterly, how much money do they need to deposit now to fund this annuity? Round to the nearest dollar. 666,226.68

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