$$264\mathrm{.}78$

Question $10$

$10$ pts

The Nashville Geetars, a professional foosball team, has just signed its star player Harold "The Wrist" Thornton to a new contract. One of the terms requires the team to make a lump$-$sum payment of $$13\mathrm{.}63$ million to the The Wrist exactly $12$ years from today. The team plans to make equal$-$annual deposits into an account that will earn $5\mathrm{.}53$ percent in order to fund the payment. How much must the team deposit each year?

$$1,135,833\mathrm{.}33$

$$1,625,636\mathrm{.}59$

$$1,484,117\mathrm{.}65$

$$786,865\mathrm{.}02$

$$830,378\mathrm{.}65$