Treble, Inc. wishes to have $350,000 in a fund after 15 years in order to replace assets in the business. The fund is expected to earn an annual rate of return of 4%, and Treble will make semi-annual payments, starting today. At what amount should the payments be to ensure the fund has the desired $350,0000 at the end of the 15 year period, given the rate of return?

Payment amount for Treble: _____________________