A rich aunt has promised you $6,000 one year from today. Inaddition, each year afterthat, she has promised you a payment(on the anniversary of the lastpayment) that is 2% larger than the last payment. She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 6%, what is her promise worthtoday?

The present value of theaunt's promise is $

nothing

.(Round to the nearestdollar.)