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Problem $1-8$ Calculating the Time Value of Money for Savings Goals $[$L$01-4]$

If you desire to have $$25,000$ for a down payment for a house in ten years, what amount would you need to deposit today? Assume that your money will earn $4$ percent. Use the appropriate factor$($s$)$ from the tables provided $($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 the nearest whole number.

Amount to be deposited

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$3$ of $20$