Michael Bautista needs $20,000 in 6 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 458,581) Investment at 8% annual interest $ Investment at 8% annual interest compounded quarterly