Suppose the interest rate is

$8\mathrm{.}1\%$

APR with monthly compounding. What is the present value of an annuity that pays

$$95$

every

three

months for six

$$years$?($Note: Be careful not to round any intermediate steps less than six decimal$$ places.$)$

Question content area bottom

Part $1$

The present value of the annuity is

$$$enter your response here.

$($Round to the nearest$$ cent.$)$