Ten years ago, Jane made a one-time investment of $1,000 and locked in a 9% annual interest rate for the next 30 years (ending 20 years from now). Eric can make a 20-year investment today and lock in a 5% interest rate. How much money should he invest now in order to have the same amount of money 20 years from today as Jane? (Summary: With less time and a lower interest rate, Eric's objective is to have the same dollar amount after 20 years as Jane has after 30 years. How much does he need to put away in order to catch up?)