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Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $11.700 available

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Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $11.700 available each year for various school and living expenses. If he earns 8 percent on his money, how much must be deposited at the start of his studies to be able to withdraw $11.700 a year for three years? Use Exhibit 1.D. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Amount to be doposed This is a numeric cell, so please enter numbers only

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