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	9,100
2030 to 2034	10,500
2035 to 2039	12,200
2040 to 2050	14,300

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 7.4% compounded semiannually? (Do not round intermediate calculations and round your final answer to the nearest dollar.)

The Pelyks will need$