Hello Company issued $1,100,000, 12-year bonds and agreed to make annual sinking fund deposits of $69,600. The deposits are made at the end of each year into an account paying 6% annual interest.

6% and 12 years: future value of 1: 2.01220 future value of annuity of 1: 16.86994 present value of 1: 0.49697 present value of annuity of 1: 8.38384

What amount will be in the sinking fund at the end of 12 years? (Round factor values to 5 decimal places, e.g. 1.25124, and final answer to 2 decimal places, e.g. 15.50.)