On August $1,$ Rachael Westlake joined a Christmas Club. Her bank will automatically deduct $$130$ from her checking account at the end of each month and deposit it into her Christmas Club account, where it will earn

$6$

$7$

$8$

$\%$

interest. The account comes to term on December $1.($Round your answers to the nearest cent.$)$

$($a$)$ Find the present value of the given annuity.