Hal wants to establish a savings fund from which a community organization could draw $1,610 a year for 50 years. If the account earns 5 percent, what amount does he have to deposit now to achieve this goal? Use Appendix 18-4. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "S" sign in your response.) Amount to be deposited $