You are now 60 years old. You saved up $ 1 million for your retirement. Now, with this savings, you want to purchase an annuity-due that pays $P at the beginning of each quarter, as long as you live. However, you want to make sure you at least get payments for the first 20 years. Assume the insurance company is willing to sell you this product by equating the Expected Present Value of this benefit to $1 million. The insurance company bases this calculation on Standard Ultimate Survival Model and annual interest rate of 5%. (Same as Table D at the back of the book.) Also, assumed Uniform Distribution of Deaths in between integer ages. Calculate $ P to 2 decimals