Question: ( 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.)
 (Complex present value) How much do you have to deposit today

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