Question 1 View Policies Current Attempt in Progress Chris Quincy wants to withdraw $31,500 each year for 14 years from a fund that earns 9% 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 0 decimal places, eg. 458,581.) First withdrawal at year-end First withdrawal immediately