Angelica, who just retired, amassed from her retirement account the amount of $1,234,567 by the time her financial advisor converted it to an annuity to provide income for her old age. How much can she draw down monthly if the annuity is compounded monthly at an interest rate of 2 3 over 4 percent sign for a projected period of 20 years? Express the approximate answer as currency in dollars and cents with dollar sign. As a hint, what is the unknown quantity here?