The Practice Manager of Moonshadow Medical wants to replace their EMR system in 2 years. The cost of that replacement, including software, new servers, terminals, installation & training, etc. will be $1,750,000. The practice manager has decided to deposit equal amounts every month into a money market account that pays 6% interest annually, compounded monthly. How much do those payments need to be, starting today, so that at the end of 24 months, the balance of the account (deposits + all earned interest) will equal the $1,750,000 needed to pay for the replacement EMR? (To clarify: you are making 24 deposits. The deposits are made at the beginning of the period, money will be withdrawn at the end of the 24th month.