Question: A three-year annuity-immediate has increasing monthly payments. The first payment is $300, and each subsequent payment is 30 larger than the previous payment. The interest

A three-year annuity-immediate has increasing monthly payments. The first payment is

A three-year annuity-immediate has increasing monthly payments. The first payment is $300, and each subsequent payment is 30 larger than the previous payment. The interest rate is 1% per month. Find the present value of the annuity. Round to the nearest cent

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