Google has made an offer to buy your start-up. As long as you keep working for the firm, Google promises to pay you the following amounts over the next 5 years.

Year	Payment
1	500,000
2	600,000
3	700,000
4	700,000
5	750,000

You think that your company is worth $500,000 more than the deal value. You also want to receive $1,000,000 right now and prefer a monthly payment to an annual payment for the remaining amount, with the first monthly payment occuring one month from now.

The annual interest rate is 7% (EAR).

If Google agrees to your terms, how much can you expect per month?