Mr$.$ and Mrs$.$ Dafoe are doing some estimates of the amount of funds they will need in their RRSP to purchase an annuity paying $$5000$ at the end of each month.

For each combination of term and monthly compounded interest rate in the following table, calculate the initial amount required to purchase the annuity. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Interest rate

Term of annuity $6\%7\%$

$20$ years $ $

$25$ years