You want to plan for your retirement, 35 years from now. To this end, you will need to purchase a property that will cost you $3,000,000 (at t=35 years). You also require annual living expense of $200,000, at the end of each year, for 25 years after that.

You plan to make equal monthly deposits for the next 35 years.

What monthly deposits (2 DP; e.g.: 123.45) do you need to make for the first 35 years, in order to fulfill your requirements, if the interest rate is 6.00% per year, compounded monthly?