Reggie wants to set up a college fund to pay for his daughters education. In order to pay her\ expenses, he will need $24,000 in four years, $24,300 in five years, $26,000 in six years, and\ $28,000 in seven years. If he can put the money into a fund that pays 4% interest, what lump-sum\ payment must Reggie place in the fund today to meet his daughters college funding needs?