You work hard and save hard. At retirement you have accumulated $1,000,000. You talk to your financial adviser and she helps you pick out an annuity investment that pays you a monthly amount and rate of return on the investment is 5%. Your intentions is to have a fixed monthly payment for 30 years with nothing left of the principal at the end of 30 years. What is the maximum payment you can have each month. Round Your answer to the nearest cent. (hint, your charts do not have 360 periods so you probably will need to use Excel or a calculator)