Morgan Quincy wants to withdraw $40,000 each year for 7 years from a fund that earns 15% interest. Click here to view factor tables 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, eg, 1.25124 and final answers to decimal places, eg. 458,581.) First withdrawal at year-end $ First withdrawal immediately $