Newman Bautista needs $22,200 in 3 years. 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?