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Luke creates an endowment to benefit children in his hometown. The endowment will make equal payments starting exactly one year and continuing every subsequent year

Luke creates an endowment to benefit children in his hometown. The endowment will make equal payments starting exactly one year and continuing every subsequent year forever. If Luke donates $2 million today and the endowment manager promises an annual rate of return of 3.4%, what is the yearly payment amount?

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