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A company needs to set aside a fund to meet the following future annuity payments to an individual: 919 paid at the beginning of each

A company needs to set aside a fund to meet the following future annuity payments to an individual:

919 paid at the beginning of each year for the first 14 years; followed by

1795 paid at the beginning of each year up until year 19 (inclusive).

Assuming an effective rate of interest of 4.4% pa throughout the entire period, how much total fund the company needs to hold today in order to meet these payments? Express your answer in s to 2 decimal places.

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