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Using a new technology, you estimate that you can save $1,300,000 per month, beginning in 3...

Using a new technology, you estimate that you can save $1,300,000 per month, beginning in 3 months from now. How much should you spend so that you can use this technology at 1% per month (compounded monthly) if you want to get your investment back in 2.5 years? Use interest factors to solve this problem.

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