$ 3000

Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $3,000 with the first such payment due five years after his deposit into the fund. If the fund pays 3.3% compounded annually, how much must Alain deposit? He must deposit \$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $3,000 with the first such payment due five years after his deposit into the fund. If the fund pays 3.3% compounded annually, how much must Alain deposit? He must deposit $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)