Steve Bautista needs $28,200in5years. Click here to view factor tables What amount must he invest today if his investment earns8% compounded annually? What amount must he invest if his investment earns8% 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 at8% annual interest	$
Investment at8% annual interest, compounded quarterly	$