Ten years ago, Hailey invested $1,400 and locked in an annual interest rate of 8 percent for 30 years (ending 20 years from now). Aldan can make a 20-year investment today and lock in an interest rate of 9 percent. How much money should he invest now in order to have the same amount of money in 20 years as Hailey? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value