"A rich donor gives a hospital $100000 one year from today. Each year after that, the hospital will receive a payment 4% larger than the previous payment, with the last payment occurring in 3 years' time. What is the present value (PV) of this donation, given that the interest rate is 5%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer.