Question

Hal Thomas wants to establish a savings fund from which a community organization could draw $800 a year for 20 years. If the account earns 3 percent, what amount would he have to deposit now to achieve this goal?

My calculator came up with $12,259.0393 but the quizlet answer shows $11,902. What am I doing wrong?

PMT=800
N=20
I/Y= 3
FV= 0
CPT PV=