Hagrid has made an investment in real estate. after $5$ years he predicts that the house will need to be renovated at a cost of $$55,000.$ he plans to set aside an equal sum At the end of each Fortnight earning an annual return of $5\mathrm{.}4\%$ to pay for these expenses. how much does he need to save each fortnight? $($round the final outcome to the $2$nd decimal.$)$