Pollard donated $117,000 to the Canadian National Institute for the Blind. The money is to be used to make semiannual payments in perpetuity (after a period of deferral) to finance the recording of books-on-CD for the blind. The first perpetuity payment is to be made ive years from the date of the donation. If the funds are invested at 5% compounded semiannually, what will be the size of the bayments? (Do not round the intermediate calculations. Round your answer to the nearest cent.) The size of the payment is $