Today is July 1, 2023. You are on the board of a local non-profit that will provide a $5,000 grant every 6 months to local elementary schools to help fund enrichment activities like music and art. These semiannual grants will continue indefinitely. You will award the first grant on January 1, 2024, the second of July 1, 2024, the third on January 1, 2025, and so on. The investment account in which you will deposit and keep your funds earns 4.41% compounded annually (that is, an effective annual rate of 4.41%). How much would your non-profit need to deposit today to fund the grants indefinitely?