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Alan Quincy wants to withdraw $30,000each year for8years from a fund that earns4% interest. How much must he invest today if the first withdrawal is

Alan Quincy wants to withdraw $30,000 each year for 8 years from a fund that earns 4% interest.

How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

First withdrawal immediately: ?

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