Will give brainliestdetermine the amount you need to invest to have $22,000 dollars in 4 years if you invest at 5% annual interest, compounded quarterly. show work

$18,034.40

Step-by-step explanation:

We will use the compound interest formula:

Our final amount is $22,000, t = 4, r = 5% = 0.05 (because 5/100=0.05) and n=4 since it's compounded quarterly this means that it happens four times in one year. By plugging in your values you obtain:

Therefore, you would need to place an initial amount of $18,034.40 in order to accumulate $22,000 based on the parameters given.

so then what are you asking?

step-by-step explanation:

well what did you do it matters what you did : )

step-by-step explanation: