Problem $3-10$ Calculating Present Value of a Savings Fund $[$LO$3-4]$

You want to establish a savings fund from which a community organization could draw $$1,310$ a year for $25$ years. If the account earns $3$ 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.

Answer is complete but not entirely correct.

Amount to be deposited $ $20,398\mathrm{.}72$ X

table numebr for this one is $17\mathrm{.}413$