A perpetuity has end of month payments. The January payments are 1, the February payments are 2, the March payments are 3, the April payments are 4, the May payments are 5, the June payments are 6, the July payments are 7, the August payments are 8, the September payments are 9, the October payments are 10, the November payments are 11 and the December payments are 12. The nominal rate of interest is 1.2% convertible monthly. 

Calculate the present value for the perpetuity.