You would like to start saving for an overseas holiday. You can afford to save $1,000 per year from your casual work (with the first amount to be invested in exactly 1 year). You plan to go on the holiday in exactly 4 years. The interest rate on your savings account is expected to be 4.4% per year (compounded yearly). Calculate how much you can expect to spend on your holiday in 4 years.

Your answer should be to the nearest dollar and you should not include dollar signs or commas.