Question: My Notes Ask Your Teacher 4. -/1 points JModd8 5.6.018. John Paul Ramin won 24 m on in a state lottery. He was surprised to

My Notes Ask Your Teacher 4. -/1 points JModd8 5.6.018. John Paul Ramin won 24 m on in a state lottery. He was surprised to learn that he will not receive a check for $2.6 m his winnings. The state finances this series of checks by buying John-Paul a payout annuity. Find what the state pays for Rather, for twenty years, he receive an annual check from the water of Paul's payout annuity if the interest rate is 7.2%. (Round your answer to the nearest Need Help? Red w ch

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