A new, wild Nancy beat her husband hard.
ADDRESS – Get IP address 172.32.45.36 = 10101100.00100000.00101101.00100100
NETMASK – Get subnet mask 255.255.248.0 = 11111111.11111111.11111000.00000000 = /21
WILDCARD – Find wildcard mask/bits = 00000000.00000000.00000111.11111111 = 0.0.7.255 (11 bits)
NETWORK – Drop wildcard mask from IP address = 10101100.00100000.00101000.00000000 = 172.32.40.0
BROADCST – Add wildcard to the IP address = 10101100.00100000.00101111.11111111 = 172.32.47.255
HOSTMIN – Drop the wildcard mask, and add 1 = 10101100.00100000.00101000.00000001 = 172.32.40.1
HOSTMAX – Add the wildcard mask, minus 1 = 10101100.00100000.00101111.11111110 = 172.32.47.254
HOSTS/NET – 2*(WILDCARD_BITS)-2 = 2(11)-2 = 2x2x2x2x2x2x2x2x2x2x2 = 2048-2 = 2046
Find hosts per net using the formula 2 to the power of the bits in the wildcard mask, minus 2.

32-bit IPv4 Network Address
Octet1 Octet2 Octet3 Octet4
128|64|32|16|8|4|2|1.128|64|32|16|8|4|2|1.128|64|32|16|8|4|2|1.128|64|32|16|8|4|2|1
11111111 . 11111111 . 11111000 . 00000000 = 255.255.248.0
10101100 . 00100000 . 00101101 . 00100100 = 172.32.45.36

And I’m sorry, but no. I can’t make it ANY simpler than that. ;)