A winner of the multi-state lotto won a one-time payout and decided to invest part of it into an annuity. If the winner invests $10,000,000.00 into a 30 year annuity that pays 2.1%, compounded monthly and makes each month payments. What is the amount of each month payments?
The payment would be $. (Round to 2 decimal places.)
The payment would be $. (Round to 2 decimal places.)