An investment of $13,335 earns 12% interest compounded monthly for 4 years. (a) What is the future value of the investment? (b) If money can be deposited at 5% compounded quarterly, find the present value of the investment. O (a) $22,499.09 (b) $8396.25 O (a) $21,286.17 (b) $7396.25 4 O (a) $21,499.09 (b) $17,623.88 O (a) $15,636.34 (b) $6865.02 Solve the problem. Round interest to the nearest percent and time to the nearest period. Find the interest rate paid if a deposit of $24,300 grows to $30,916.16 in 3 years, with interest compounded semiannually. 6% O 7% 3% k Navt