Henry Bautista needs $23,800in10years.

What amount must he invest today if his investment earns12% compounded annually? What amount must he invest if his investment earns12% 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 at12% annual interest $ ?

Investment at12% annual interest, compounded quarterly?