Donald Bautista needs $26,000 in 9 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 factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 12% annual interest

$enter a dollar amount rounded to 0 decimal places

Investment at 12% annual interest, compounded quarterly

$enter a dollar amount rounded to 0 decimal places