Athlete Kalen wishes to retire at age fortyfive and receive annual birthday payments of $$48,615\mathrm{.}00$ beginning on his forty$-$fifth birthday. After his death, the payments on the anniversary of his birth should go to his heirs. In order for Kalen to be able to carry out his plan, he makes contributions to a savings account with a guaranteed annual effective interest rate of $4\%.$ How much money will Kalen need to have accumulated at age fortyfive, just prior to his first $$48,615\mathrm{.}00$ birthday present? Round your answer to the nearest cent. $1.1\mathrm{.}221971062.1\mathrm{.}185961063.1\mathrm{.}2781064.1\mathrm{.}098551065.1\mathrm{.}250081066.1\mathrm{.}27521067.1\mathrm{.}162171068.1\mathrm{.}241161069.1\mathrm{.}171410610.1\mathrm{.}26399106$