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Casper wants to withdraw $10,000 each year for 5 years from a fund that earns 4% interest. Answer the following questions. 1) How much must

Casper wants to withdraw $10,000 each year for 5 years from a fund that earns 4% interest. Answer the following questions. 1) How much must he invest today if the first withdrawal is at year-end? 2) How much must he invest today if the first withdrawal takes place immediately? (show the steps in computation to get partial credits)

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