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

$1412$ paid at the beginning of each year for the first $7$ years followed by

$1682$ paid at the beginning of each year up until year $34($inclusive$).$

whereas the rate of interest throughout the entire $34$ years is made up by:

$4\mathrm{.}9\%$ pa effective for the first $19$ years and then

$6\mathrm{.}7\%$ pa effective thereafter.

Calculate the total amount of reserve the insurer needs to hold today in order to meet these payments. Express your answer in $$s to $2$ decimal places.