1- Serena Willis will invest $27,700 today. She needs $42,972 in 9 years. What annual interest rate must she earn?

2- Gary Bautista needs $27,000 in 3 years. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 12% annual interest, compounded quarterly ?