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Charla invests $8,000 in an investment that earns 19% interest compounded semi-annually, and maturing in 5 years. 33 months later, Wynn has an opportunity to
Charla invests $8,000 in an investment that earns 19% interest compounded semi-annually, and maturing in 5 years. 33 months later, Wynn has an opportunity to make an investment that will earn 22% compounded quarterly, and maturing at the same time as Charla's investment. How much does Wynn have to invest in order to have the same maturity value as Charla? For full marks your answer(s) should be rounded to the nearest cent.
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