To compensate for the effects of inflation during their retirement years, the Pelyks intend to purchase a combination of annuities that will provide the following pattern of month-end income:

Calendar years, inclusive	Income ($)
2025 to 2029	8,800
2030 to 2034	10,300
2035 to 2039	11,800
2040 to 2050	13,800

How much will they need in their RRSPs when they retire at the beginning of 2025 to purchase the annuities, if the annuity payments are based on a rate of return of 7.3% compounded semiannually? (Do not round intermediate calculations and round your final answer to the nearest dollar.)
The Pelyks will need	$