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Anthony Bautista needs $23,000 in 7 years. Click here to view factor tables. ...

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Accounting

Anthony Bautista needs $23,000 in 7 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 0 decimal places, e.g.458,581.)
Investment at 12% annual interest
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