present Value of an Annuity Joan Joshua wants to make 5 equal annual withdrawals of $20,000 from a fund that will earn interest at 12% compounded annually. Required: How much would Joan have to invest on January 1, Year 1, if she makes the first withdrawal on: (Click here to access the PV and FV tables to use with this problem.) Round your answers to two decimal places. January 1, Year 2 $fill in the blank 1 January 1, Year 1 $fill in the blank 2 January 1, Year 5 $fill in the blank 3