What cash payment is equivalent to making payments of $$$$1130\mathrm{.}00$ at the end of every three months for $5$ years if interest is $4\%$ per annum compounded semi dash annually question mark

Question content area bottom

Part $1$

The cash payment is $$$

$$

enter your response here.

$($Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as$$ needed.$)$