Ben Bowlin wants to withdraw $20,000 (including principal) from an investment fund at the end of each year for five years. The fund earns 10% compounded annually. At the beginning of the first year, how should Ben compute his required initial investment? The future value of a 5-year multiplied by $20,000, 10% ordinary annuity of $1 $20,000 divided by the future value of a 5-year, 10% ordinary annuity of $1 A. The present value of a 5-year multiplied by $20,000, 10% ordinary annuity of $1 $20,000 divided by the present value of a 5-year, 10% ordinary annuity of $1