Chapter 1 Problem Set Sovod 4 Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $10,300 available each year for various school and living expenses. If he earns 5 percent on his money, how much must be deposited at the start of his studies to be able to withdraw $10,300 a year for three years? Use Exhibit 1:0 (Round time value factor to 3 decimal places and final answer to the nearest whole number.) 1.42 points Future value eBook Print References