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Brief Exercise 6-2 Tony Bautista needs $28,800 in 3 years. (Use the tables below.) What amount must he invest today if his investment earns 12%

Brief Exercise 6-2

Tony Bautista needs $28,800 in 3 years. (Use the tables below.) 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.)

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