a.) Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $10,000 available each year for various school and living expenses. If he earns 4 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $10,000 a year for three years? (Round PVA factor to 3 decimal places and final answer to the nearest whole dollar.)

b.) Carla Lopez deposits $2,300 a year into her retirement account. If these funds have an average earnings of 7 percent over the 40 years until her retirement, what will be the value of her retirement account at the time she retires?(Round your FVA factor to 3 decimal places and final answer to the nearest whole dollar.)

c.) A financial company that advertises on television will pay you $58,000 now for annual payments of $9,000 that you are expected to receive for a legal settlement over the next 10 years.

What is the present value of the annual payments if you estimate the time value of money at 8 percent? (Round your PVA factor to 3 decimal places and final answer to the nearest whole dollar.)