Determine the equivalent present value or present worth of the following 18-year cash flow at an interest rate of 6%. Pick the choice closest to your answer.

3. Determine the equivalent present value or present worth of the following 18-year cash flow at an interest rate of 6%. Pick the choice closest to your answer. Year Income 1 2,000 2 2,500 3 3,000 4 3,500 5 4,000 6 4,500 7 5,000 8 5,500 9 6,000 Year Income 10 6,500 11 7,000 12 7,500 13 8,000 14 8,500 15 9,000 16 9,500 17 10,000 18 10,500