Question: A generous philanthropists plan to make a one-time endowment to a reowned heart search center which would provide the facility with an amount of payment

A generous philanthropists plan to make a one-time endowment to a reowned heart search center which would provide the facility with an amount of payment per year into perpetuity. The interest rate is expected to be 8 percent for all future time periods. If the endowment is 3,000,000 dirham, then how much is the payment per year?

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