Gerrit, a medical doctor, wants to save up R2 million to buy his partner's share of their makes the first deposit into the account one month after opening the account. He continues practice, when he retires in 10 years' time. He immediately opens a savings account and making equal monthly deposits. The last deposit is made at the end of the 10 years. Interest is calculated at 6.5% pa. compounded monthly. How much does Gerrit have to save each month? ​