Suppose that you agree with a venture capitalist that you will pay her $1.557 million 3.5 years from now for her investment in your invention. She needs you to set aside an amount of money semiannually, starting now, to ensure for the $1.557 million payment. She knows a bank in Switzerland where you can get 6% per year, compounded semiannually. Suppose deposits are due at the beginning of semiannual period (so seven deposits are made). Calculate the required semiannually amount you must set aside in that bank starting today?