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A young man is the beneficiary of a trust fund established for him 18 yr ago at his birth. If the original amount placed in trust was $20,000, how much will he receive if the money has earned interest at the rate of 9%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent) compounded annually compounded quarterly $ compounded monthly$ Need Help? Read It Talk to a Tutor -10.05 points TanApMath5 4.1.056 My No Anthony invested a sum of money 7 yr ago in a savings account that has since paid interest at the rate of 8%/year compounded quarterly. His investment is now worth $29,597.41. How much did he originally invest