Emerson developed a new style of camping trailer. He is considering a licensing agreement with$$ Easy$-$Tow, who will manufacture the new trailer. They are proposing to pay him $$$$51,000$now$,$ and $$$$17,000$ at the beginning of each of the twelve years of the licensing$$ agreement, starting in two years. If interest is $10\mathrm{.}6\%$ compounded quarterly$,$ what is the agreement worth$$ today?

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Part $1$

The agreement is worth $$$$?$ enter your response here today.