PLEASE EXPLAIN AND SHOW ALL WORK, DO NOT JUST COPY AND PASTE FROM OTHER POSTS. I want to understand how to solve this problem.

Ashley has won a lottery that pays 600 per month in the first year, 900 per month in the second year, 1200 per month in the third year, and so on. Payments are made at the end of each month for 5 years. Using an effective interest rate of 5% per annum, calculate the present value of this prize. Round your answer to the nearest integer