Adams Bautista needs $24,000in9years.

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What amount must he invest today if his investment earns8% compounded annually? What amount must he invest if his investment earns8% 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 at8% annual interest$

Investment at8% annual interest, compounded quarterly$