Annual interest investment

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Reference no: EM13913115

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

Investment at 8% annual interest, compounded quarterly

Reference no: EM13913115

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