Answer:
4131.38
Explanation:
Since it's compounded annually, and no time needs to be converted, we can use the formula
, where P is the starting amount, e is Euler's number, r is the rate in decimals, and t is time. The first task would be to find the t. The question set us a timeframe of 2 to 18, so 18-2=16, therefore our t is 16. Plugin the known into the formula and calculate: