A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $2,000. Each year after​ that, you will receive a payment on the anniversary of the last payment that is nbsp 2% larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 12% per year.

What is​ today's value of the​ bequest?