William Bautista needs $29,000 in 7 years. (factor table may need to be used) 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, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 8% annual interest, compounded quarterly $enter a dollar amount rounded to 0 decimal places