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 10 years starting at the end...

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 10 years starting at the end of 3 years when their child will be in college. How much is the fund deposited if the interest rate is 3% converted annually? Round off your answer in two decimal places.

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 10 years starting at the end of 3 years when their child will be in college. How much is the fund deposited if the interest rate is 3% converted annually? Round off your answer in two decimal places.