Spencer Clark is going to take out a withdrawal of $70,000 per year at t 0 through t-3. Then he is going to make 30 annual unequal withdrawals from his savings with the first withdrawal occurring at t-5 and the last withdrawal occurring at t-34. He wants each withdrawal to have the same purchasing power as $100 000 has today so thew it drawals need tog ow at a constant rte of 3% to compensate for expected inflation per year. His account earns 9% per year. How much needs to be in his account today in order for him to be able to withdraw $70,000 per year at t-0 through t-3 and make 30 additional withdrawals (from t-5 through t-34)?1 34 35 -70K -70K Wi W30 -70K -70K