Answer:
$18 034.42
Explanation:
The formula for the future value of an account paying 5 % annual interest compounded quarterly for four years is
A = $22 000
r = 0.05
n = 4 times per year
t = 4 years



22 000 = P x 1.220
P = 2 000/1.220
P = $18 034.42
You must invest $18 034.42.