Mr. and Mrs. Revilla decided to sell their house and to deposit the fund in a bank. After computing the interest, they found out that they may withdraw 350,000 yearly for 13 years starting at the end...

Extracted text: Mr. and Mrs. Revilla decided to sell their house and to deposit the fund in a bank. After computing the interest, they found out that they may withdraw 350,000 yearly for 13 years starting at the end of 5 years when their child will be in college. How much is the fund deposited if the interest rate is 5% converted annually? Round off your answer in two decimal places.