If you desire to have $25,000 for a down payment for a house in eight years, what amount would you need to deposit today? Assume that your money will earn 6 percent. UseExhibit 1-C.(Round your PV factor to 3 decimal places and final answer to the nearest whole dollar.)

Deposit$

EXh 1 bit 1-A Future Value {Compeunded Sum} of $1 after 51 Given Number of Time Periods Period 1 01. 2% 3% 4% 5% 0% 7% 5% 0% 10% 11 \".4- 1 1.010 1.020 1.030 1.040 1.050 1.4100 1.070 1.030 1.000 1.100 1.110 2 1.020 1.040 1.1.51 1.032 1.103 1.124 1.145 1.100 1.133 1.210 1.232 3 1.030 1.001 1.003 1.125 1.153 1.101 1.225 1.200 1.205 1.331 1.303 4 1 .041 1.032 1 .120 1 .170 1.210 1.202 1.311 1.300 1.412 1.404 1.513 5 1.051 1.104 1.150 1.217 1.270 1.333 1.403- 1.400 1.539I 1.011 1.035 0 1 .002 1.120 1 .104 1 .205 1.340 1.410 1.501 1.537 1.077 1.772 1.370 7 1 .072 1.149 1.230 1 .310 1.407 1.504 1.000 1.714 1.323 1.040 2.070 3 1 .033 1.172 1 .207 1.300 1.477 1.504 1.713 IE1 1.Wi3 2.144 2.305 9' 1 .004 1.105 1.305 1 .423 1.551 1.030 1.333 1.000 2.172 2.353 2.553 10 1 .1415 1.219 1.344 1 .433 1.- 1.701 1.007 2.150 2.307 2.504 2.330 11 1.110 1.243 1.334 1.530 1.710 1.303 2.105 2.332 2.530 2.353 3.152 12 1 .127 1.203 1.420 1 .601 1.700 2.012 2.252 2.513 2.313 3.133 3.403 13 1 .133 1.204 1.400 1 .005 1.330 2.133 2.410 2.720 3.000 3.452 3.333 14 1 .140 1.319 1.513 1 .732 1.030 2.201 2.570 2.037 3.342 3.707 4.310 15 1.101 1.340 1.553 1.001 2.070 2.307 2.750I 3.172 3.042 4.177 4.755 10 1 .173 1.373 1.0115 1.373 2.133 2.540 2.2 3.420 3.070 4.505 5311 17 1 .134 1.400 1.053 1.043 2.202 2.003 3.150 3.700 4.323- 5.054 5.3% 13 1.100 1.423 1.702 2.020 2.407 2.354 3.330 3M0 4.717 5.500 0.544 10 1 .203 1.457 1.754 2.107 2.527 3.023 3.017 4.310 5.142 0.110 7.203 20 1 .220 1.430 1.315 2.101 2.053 3.207 3.370 4W1 5.004 0.727 3.002 25 1.232 1.041 2.004 2.000 3.330 4.202 5.427 0.343 3.023 10.335 13.555 30 1.343 1.311 2.427 3.243 4.322 5.743 7.012 10-13.203- 17.440 22.302 40 1.430 2.203 3.202 4.301 7.040 10.230 14.074 21.725 31.400 45.250 05.001 50 1.045 2.002 4.334 7.107 11.407 13.420 20.457 40.002 74.353 117.300 134.570 Period 12% 13% 14% 15% 10% 17% 13% 10% 20% 25% 30% 1 1.120 1.130 1.140 1.150 1.100 1.170 1.1311| 1.100 1.200 1.250 1.300 2 1.254 1.277 1.300 1.323 1.340 1.300 1.332 1.410 1.440 1.503 1.000 3 1.405 1.443 1.432 1.521 1.501 1.002 1.043 1.035 1.723 1.053- 2.107 4 1.574 1.0.30I 1.030 1.740 1 .311 1.374 1.030 2.005 2.074 2.441 2.350- 5 1.702 1.342 1.025 2.011 2.100 2.102 2.233 2.330- 2.433 3.052 3.713 0 1.074 2.032 2.105 2.313 2.430 25$ 2.700 2.340 2.030 3.315 4.327 7 2.211 2.353 2.502 2.000 2.320 3.001 3.135 3.370 3.533 4.703 0.270- 3 2.470 2.053 2,353 3.050 3.273 3.511 3.750 4.021 4.300 5.000 3.157 0 2.773 3.004 3.252 3.513 3.303 4.103 4.435 4.735 5.100 7.451 10.004 10 3.100 3.305 3.707 4.040 4.411 4.307 5.234 5.000 0.102 0.313 13.730 11 3.470I 3.330 4.220 4.052 5.117 5.024 0.170 0.777 7.430 11.042 17.022 -12 33W 4.335 4.313 5.350 5.030 0.530 7.233 3.004 3.010 14.552 23.203- 13 4.303 4.303 5.402 0.153 0.330 7.0m 3.500 0.500 10.000 13.190 30.233- 14 4.337 5.5% 0.201 7.070 7.033 0.1177 10.147 11.420I 12.330 22.737 30.374- 15 5.474 0.254 7.133 3.137 0.200 10.530 11.074 13.500 15.407 23.422 51.130 10 0.130 7.007 3.137 0.353 10.740 12.331 14.120 10.172 13.433 35.527 00.542 17 0.300 7.030 0.270 10.701 12.403 14.420 10.072 10.244 22.130 44.409I 30.504 13 7:000 0.024 10.575 12.375 14.403 10.370 10.073 22.001 20.023 55.511 112.400 10 3.013 10.107 12.050 14.232 10.777 10.743 23.214 27.252 31.043 00.330 145.100 20 0.040 11 .523 13.743 10.307 10.401 23.100 27.303 32.420 33.333 30.730- 100.4150 25 17.000 21.231 20.402 32.910 40.374 50.053 02.000 77.333 95.300 204.700 705.040 30 20.003 30.110 50.050 00.212 35.350 111.070 143.370 134.030 237.330 307.700 2.020.000! 40 03.051 132.750 133.330 207.300 373.720 533.370 750.330 1.151.700 1,400.300I 7.523.200 30,110.000 50 230.003 450.740 700.230 1233.711] 1.070.700 2.500.200 3.027.400 imam 0.100.443} 717.455.4300 407,..000