Suppose the interest rate is $8\mathrm{.}3\%$ APR with monthly compounding. What is the present value of an annuity that pays $ $95$ every $6$ months for $7$years$?($Note: Be careful not to round any intermediate steps to fewer 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.$)$