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 beginning of semiannual period. Determine the needed semiannually amount you must set aside in that bank starting today?