I think that the answer is 16
Adam should invest $15516 after 18 years.
<u>Explanation:</u>
Given:
Amount(18) = $20000
Rate of Interest, r = 1.41%
Time, t = 18 years
n = 365 (compounded daily)
General equation of amount that is compounded daily:
Solving for A₀:
Substituting the values:
Therefore, Adam should invest $15516 after 18 years.
Answer:
14
Step-by-step explanation:
its going down by 11