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The National Museum has received a donation of $2,000,000 which is to be used to purchase new exhibits at the end of every three months.

The National Museum has received a donation of $2,000,000 which is to be used to purchase new exhibits at the end of every three months. If the money earns 12% compounded annually, how much could be paid out every three months in perpetuity?

Multiple Choice

$60,000
$57,475
$24,000
$114,704
$72,895

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