Suppose the interest rate is 9.7 APR with monthly compounding. What is the present value of an annuity that pays $95 eve

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Suppose the interest rate is 9.7 APR with monthly compounding. What is the present value of an annuity that pays $95 eve

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Suppose the interest rate is 9.7 APR with monthly compounding.What is the present value of an annuity that pays $95 every 3months for ​years? ​(Note: Be careful not to round any intermediatesteps less than six decimal​ places.) The present value of theannuity is ​$ "?
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