You are worried about the damage that climate change is causing in the Gulf of Maine and have raised a fund of $60,000 to help communities respond to the changes. The fund plans to make a payment each year and wants the payment to grow at 2.5% per year forever. If the first payment will be 5 years from today and the interest rate is 8% EAR, how much will the third payment be? 1 (round to the nearest dollar)