22,000 {1+ .01/1} 1*40

22,000 {1+ .01/1} 1*40 = 22,000 * (1 + 0.01/1) * 1 * 40 = 22,000 * (1 + 0.01) * 40 = 22,000 * 1.01 * 40 = 22,000 * 40.4 = 888,800.