A group of concerned students has raised money to help victims of Hurricane Matthew in Haiti. They plan to invest the money to provide monthly payments to help a small town on the north coast rebuild homes. The town will receive the first payment in a month and the payment will be $3000. Each month after that, the town will receive a payment that is 0.5% larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 12% EAR. What is the value of the gift immediately after the first payment is made?