Jessica has an insurance policy that will pay her an annual annuity of $$550$ at the end of each year for a total of $6$ consecutive years. However, the terms of the policy are such that the annuity's first payment will not be made until the end of year $5.$ Determine the present value of Jessica's policy if the interest rate is $8\%.$

Place your answer in dollars and cents. DO NOT USE A DOLLAR SIGN OR A COMMA IN YOUR ANSWER. Work your analysis using at least four decimal places of accuracy.

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