Pete Morton is planning to go to graduate school In a program of study that wil take three years. Pete wants to have $8,000 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 $8,000 a year for three years? Use Exhibit 1-D. (Round time value factor to 3 declmal places and final answer to the nearest whole number) to be deposited Pre 6 of 20 Next 3 W E