Kevin Spear invested $18,000 today in a fund that earns 12% compounded annually.

To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually? (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?

Investment at 12% annual interest, compounded semiannually ?