Question

Annually, Triton deposits $1,500 into an interest-bearing account to save for a down payment on a house. The interest rate on the account is 4.19% compounding monthly. What is the present value of the investment if Triton purchases a house in 17 years?

$431,094.27
$18,217.53
$18,281.14
$218,610.36

Answer 1

oh no, I hate the maths

Answer 2

I hate it too, I tried using the formula and also a calculator for the problem but im so confused. I have no clue how to get the answer