Assume that you work at Walmart part-time during college. Your federal income taxes are $3849 this year and are expected to follow a geometric gradient series with increases of 5% per year through...

Assume that you work at Walmart part-time during college. Your federal income taxes are $3849 this year and are expected to follow a geometric gradient series with increases of 5% per year through year 6, when you plan to complete graduate studies. Calculate the present worth of the tax series at i=11% per year.