Your friend is now working in an insurance company. He is prompting an investment project of his company to you:

"Our company is now offering a plan, which is a very good project. You just need to pay $3000 at the end of each month from January 2017 for ten years. Then you can get back HK$1million on 31st December 2046."

Assume that the market interest rate is 6%p.a. and is stable during the period, will you consider the project?