Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $10,000 available each year for various school and living expenses. Use Exhibit 1.D If he earns 4 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $10,000 a year for three years? (Round PVA factor to 3 decimal places and final answer to the nearest whole dollar) Deport Exhibit 1-D Present Value of $i Received at the End of Each Period for a Given Number of Time Periods (an Annuity) Period 1 2 3 4 5 6 7 8 9 le 11 12 13 14 15 16 17 18 19 20 25 30 40 50 1X 9.990 1.970 2.941 3.902 4.853 5.795 6.728 7.652 8.566 9.471 10.368 11.255 12.134 13.004 13.865 14.718 15.562 16.398 17.226 18.046 22.023 25. 188 32.835 19.196 2x 0.98e 1.942 2.884 3.888 4.713 5.601 6.472 7.325 8.162 8.983 9.787 10.575 11.348 12.106 12.149 13.578 14.292 14.992 15.678 16.351 19.523 22.396 27.355 31.424 3% 0.971 1.913 2.829 3.717 4.580 5.417 6.230 7.020 7.786 3.53e 9.253 9.954 10.635 11.296 11.939 12.561 13.166 13.754 14.324 14.877 17.413 19.600 23.115 25.730 4% 0.962 1.886 2.775 3.630 4.452 5.242 6.002 6.733 7.435 8.111 8.760 9.385 9.986 10.563 11.118 11.652 12.166 12.659 13.134 13.590 15.622 17.292 19.793 21.452 5% 0.952 1.859 2.723 3.546 4.329 5.076 5.786 5.463 7. 108 7.722 8.306 8.863 9.394 9.899 19.380 10.838 11.274 11.690 12.085 12.462 14.094 15.372 17.159 18.256 6% 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7. 360 7.887 8.384 8.853 9.295 9.712 19.106 10.477 10.828 11.158 11.470 12.783 13.765 15.046 15.762 7% 0.935 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7.024 7.499 7.943 8.358 8.745 9.100 9.447 9.763 10.859 10.336 10.594 11.654 12.409 13.332 13.301 8 0.926 1.783 2.572 3.312 3.993 4.623 5.206 5.747 5.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 10.675 11.258 11.925 12.23 9% 0.917 1.759 2.531 3.240 3.890 4.486 5.033 5.535 5.995 6.418 6.805 7.161 7.487 7.786 8.061 8.313 8.544 8.756 8.950 9.129 9.823 10.274 10.257 10.962 10% 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.35 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7.324 8.222 8.281 8.365 8.514 9.077 9.427 9.779 9.915 11% 0.901 1.713 2.444 3.102 3.696 4.231 4.712 5.146 5.537 5.889 6.207 6.492 6.750 6.982 7.191 7.379 7.549 7.702 74839 7.963 8.422 8.694 8.251 9.842 12% 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5.650 5.938 6.194 6.424 6.628 6.811 6.974 7.102 7.250 7.366 7.469 7.843 8.055 8.244 8.304 Period 1 2 3 4 5 16% 0.362 1.605 2.246 2.798 3.274 3.685 18% 0.147 1.566 2.174 2.690 3.122 3.498 3.812 4.028 4.303 4.494 17% 0.555 1.585 2.210 2.743 3.199 3.589 3.922 4.207 4.451 4.659 4.836 25% 0.800 1.440 1.952 2.362 2.689 2.951 3.161 3.329 6 2 30% 0.769 11361 1.816 2.166 2.430 195 0.840 1.547 2.140 2.639 3.055 3.610 3.700 3.954 4.163 4.339 4.486 35% 0.741 1.289 1.696 1.997 2.220 13% 0.185 0.827 1.663 1.647 20161 2.322 2.974 2.914 517 3.433 3.990 3.589 4,423 4.299 4.639 5.132 5.426 5.216 5.687 5.98 5.650 6.122 5.542 6.502 6.002 6.462 6.142 6.644 6.265 6.729 5.373 6:540 6.467 6935 6.550 7.025 6.623 2.00 7.490 7.003 7.534 7.103 225 0.670 1.626 2.283 2.855 3.352 3.784 4.160 4.482 4.772 5.019 5.254 5.421 5.583 5.724 5.847 5.954 6.042 6.128 6.190 6.259 6.464 6.560 9 11 11 12 13 14 15 16 12 11 19 20 25 30 40 50 2.802 26.925 3.019 3.092 20% 9.833 1.528 2. 106 2509 2.991 2.126 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.310 4,725 4.312 4.143 4.870 2.508 2.598 2.665 2.715 2.752 2.779 2.799 4.544 4.602 4.033 3.029 5.197 5.342 5.46 5.575 5.663 5.749 5.818 5.72 5.929 6.097 6.177 5.118 5.229 40% 0.216 1.224 1.589 1.849 2.035 2.168 2.263 2.331 2.379 2.414 2.43 2.456 2.469 2.478 2.484 2:49 2.92 2.494 2.496 2.497 2.499 2.500 sex 0.667 1.111 1.407 1.605 1.737 1.824 1.883 1.922 1.948 1.965 1.977 1.985 1.990 1.993 1.995 1.997 1.998 1.999 1.999 1.999 4.793 4.910 5.00 5.092 5.162 3.571 3.656 3.725 3.780 3.824 3.859 3.387 3.910 3.920 3.942 3.954 3.005 4.715 4.802 4.876 4.938 4.980 5.033 5.405 5.475 3.100 3.223 3.249 3.268 3.283 3.295 5.584 5.638 5.766 5.273 5.116 5.353 2.325 2.834 2.540 2.044 2.840 2.850 2.856 2.857 3.311 1.316 1329 5.101 5.517 5.215 4.970 4.992 5.50 3.999 3 2.000