Your friend offers to you to be a part of his partnership business. If you agree to this, you will receive $8,000 at the end of each of the next 6 years. Your friend's partnership generates a 7% annual return. If instead you wait 6 years with receiving the money, and receive an equivalent amount of money at the end of year 6 in one large payment, how much would it need to be?

In the problem above I am working with.

In the problem above I need to calculate the .

In the format $ $ , $ $ $ , in the problem above my numerical answer is dollars.