A life annuity on (x) provides for annual benefit payments for life beginning at age x. The initial benefit payment is 1000 and each subsequent payment increases by 6% (i.e., the benefit payment at age x+1 is 1060, the payment at age x+2 is (1000)(1.06)², and so on). The first 10 payments are guaranteed and will be made regardless of whether (x) is alive or not. The interest rate is a constant 6%. You are given that ₁₀p_x=0.9 and e_x+10=10. Find the present value of this contract.