When Derek was a small child, his grandfather established a trust fund for him to receive $18,000 on his 35th birthday. Derek just turned 23. What is the value of his trust today if the trust fund earns 6% interest? If he had to wait until age 40 to receive the money, what is the present value today of the $18,000 to be received in 17 years? The present value of his trust today if the trust fund earns 6% interest is ____$