Rahim wanted to buy 10 hectares of land worth $9,000,000 for the upcoming housing project. However, the company feels that the land value will decline by 5% every year for next ten years.

Meantime, the company wanted to invest its money into an offshore account every 6 months t the begining of each period at a rate of 12% annually. So how much Rahim has to allocate its money every 6 months so that the company has enough to buy the property in the 10th year?