An insurer needs to make the following annuity payments to an individual: \\( 1541...
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An insurer needs to make the following annuity payments to an individual: \\( 1541 \\) paid at the end of each year for the first 13 years and then \\( 1386 \\) paid at the end of each year for the following 9 years. Calculate the total amount of fund the insurer needs to hold today in order to meet these payments, given that the effective rate of interest is: \4.8 pa for the first 7 years and then \4.6 pa thereafter. Express your answer in \\( \\mathrm{Es} \\) to 2 decimal places
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