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NewmanQuincy wants to withdraw $32,700each year for14years from a fund that earns10% interest. How much must he invest today if the first withdrawal is at

NewmanQuincy wants to withdraw $32,700each year for14years from a fund that earns10% 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?

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