You make an investment of $60,000 today. The interest rate on the investment is 3.55% p.a. compounded semiannually.

The investment will pay you equal monthly payments at the end of the month, into perpetuity (ie, forever). The investment has a mandatory wait period of six years before it begins the monthly payment phase.

Calculate the monthly payments you will be receiving. [Hint, the first payment occurs at the end of the first month after the mandatory wait period.]