($3756/100)(100+12)/100
$37.56(1.12)
$42.0672
$42.07 (to nearest cent)
Answer:
huh?, give the full answer please
Step-by-step explanation:
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! :)
Answer:
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