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( Complex present value ) How much do you have to deposit today so that beginning 1 4 years from now you can withdraw $

(Complex present value) How much do you have to deposit today so that beginning 14 years from now you can withdraw $12,000 a year for the next 5 years (periods 14 through 18) plus an additional amount of $24,000 in that last year (period 18)? Assume an interest rate of 11 percent.
a. What is the value of the $12,000 withdrawals in years 14 through 18 at the end of year 13 if the annual interest rate is 11 percent?
(Round to the nearest cent.)
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