What is the present value of $3,990 to be received at the beginning of each of 29 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Compute the amount Matthew would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.)