A company needs to set up a fund that will provide the following future income to an individual: 2876 paid at the end of each year for the first 11 years followed by 3682 paid at the end of each year until the end of year 42 (inclusive). Assuming an effective rate of interest of 6.7% pa throughout the entire period, calculate, to 2 decimal places, the amount of fund the company needs to hold now in order to assure the required payments