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Tony Bautista needs $26,700 in 3 years. What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest

Tony Bautista needs $26,700 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 answers to 0 decimal places, e.g. $458,581.)
Investment at 12% annual interest?

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