Question: A wealthy benefactor has donated $ 1 , 0 0 0 , 0 0 0 to establish a perpetuity that will be used to support

A wealthy benefactor has donated $1,000,000 to establish a perpetuity that will
be used to support the operating costs of a local heritage museum scheduled to
open in 3 years' time. If the funds earn 7.2% compounded monthly, what monthly
payments, starting 3 years from now, can the museum expect?

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