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Kenneth Bautista needs $22,000 in 3 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded

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Kenneth Bautista needs $22,000 in 3 years. Click here to view factor tables 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 O decimal places, e.g.458,581.) Investment at 12% annual interest Investment at 12% annual interest, compounded quarterly $ e Textbook and Media

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