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Problem 3-10 Calculating Present Value of a Savings Fund [LO3-4] You want to establish a savings fund from which a community organization could draw $1,680

image text in transcribed Problem 3-10 Calculating Present Value of a Savings Fund [LO3-4] You want to establish a savings fund from which a community organization could draw $1,680 a year for 20 years. If the account earns 2 percent, what amount would you have to deposit now to achieve this goal? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places

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