Today is January 1 2020, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 4.96% p.a. Calculate premium value. Round your answers to three decimal places.

Year
1	0.72
2	0.55
3	0.49
4	0