Our company has entered into a contract with an advertising agency for monthly market research and competive analysis reports. The contract requires us to make end$-$of$-$month payments of $$3,275$ for these on$-$going services. if we have excess cash available at the start of the year and want to pay upfront for the entire year's services, how much should the agency accept as a sirgle payment intermediate calculations. Round your final answer to $2$ decimal places.$)$

Single payment

Our company has entered into a contract with an advertising agency for monthly market research and competitive analysis reports. The contract requires us to make end$-$of$-$month payments of $$3,275$ for these on$-$going services. If we have excess cash available at the start of the year and want to pay upfront for the entire year's services, how much should the agency accept as a single payment one month prior to the due date of the first monthly payment if money is worth $4\mathrm{.}75\%$ compounded semiannually? $($Do not round