Leon Quincy wants to withdraw $31,500 each year for 14 years from a fund that earns 9% interest.

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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.). A) first withdraws at year end? B) First withdrawal immediately?