Henry Quincy wants to withdraw $30,000each year for10years from a fund that earns8% 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 at year-end?

First withdrawal immediately?