TOR BACK NEX Brief Exercise 6-2 Steve Bautista needs $29,700 in 8 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 O decimal places, e.g. 458,581.) Investment at 12% annual interest Investment at 12% annual interest, compounded quarterly LINK TO TEXT y. Question Attempts: 2 of 3 used SAVE FOR LATERSUBHIT ANSWER NEXT Brief Exercise 6-5 Stacy Medavoy will invest $8,780 a year for 20 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places e.g. 458,581.) e.g. 1.25124 and final answers to O decimal places First payment today First payment at year-ends LINK TO TEXT SUBNET ANSWER SAVE FOR LATER Question Attempts: 1 of 3 used