Jim is going to establish a University Fund for his daughter Jan, who has just been born.He plans to make the first deposit of $20,000 today and make another 9 annual deposits of $6,000. After this, annual deposits of $10,000 will be made until Jan's 17^th birthday. Given the long term nature of the investment, Jim anticipates a 5% pa return. The money is to be transferred to an account for Jan and she will then withdraw the money in equal monthly amounts for 6 years starting on her 17^th birthday. Jan will only be able to earn 3% pa on her money.

(i) How much will be available on Jan's 17^th birthday, before the first withdrawal is made?