Pete Morton is planning to go to graduate school in a program ofstudy that will take 2 years. Pete w

Pete Morton is planning to go to graduate school in a program ofstudy that will take 2 years. Pete wants to have $12300 availableeach year for various school and living expenses. If he earns 6percent on his money, how much must be deposit at the start of hisstudies to be able to withdraw $12300 a year for 2 years? Use the appropriate Time Value of Money table [Exhibit1-A,  Exhibit 1-B,  Exhibit 1-C, OR Exhibit1-D] (Round your answer to the nearest whole number. Do notinclude the comma, period, and “$” sign in yourresponse.) . . .

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