Answer: simplified down to 25/28 or 0.89 / / 0.9 rounded up
The answer is -31 over 12.
Using the formula of P(1 + r)^n = x where p represents the initial value, r represents the rate and n represents the number of years and x is our final output. We want to find P so we have to make it the subject of the equation.
1 + 0.04 = 1.04
1.04^18 = 2.025816515
Then divide the total amount by this to get 185,110.5454
Therefore the answer is $185,110.55
Hope this helps! :)
-2,2 is the answer hoped it helped :)
