Your uncle gifts you an annuity for you years in higher education. If the prevailing market interest rate is 6% and the current value of the annuity is $75,000. The annuity is set up to distribute a regular non-growing cash flow every 3 months for the 4 years you'll be in college. The first payment will be received 3 months from now. How much will you receive every 3 months from your uncle's annuity?