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Kryger [21]
3 years ago
14

Determine the final amount of an annuity where you invest $10,000 evenly over the course of 20 years annually at a 5% annual int

erest rate
Mathematics
1 answer:
Oliga [24]3 years ago
4 0

Answer:

17359.63

Step-by-step explanation:

(0+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

(ans+500)x1.05

=17359.63

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First, arrange the numbers from lowest -> highest

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Now, strike off one number from each side (so 0, then 6, then 0, then 5) until you are only left with one or two numbers.

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If you are left with two numbers, than you add them together, then divide that number by 2 (for example if you were left with 7 and 8, 7+8=15. 15/2=7 1/2)

In this case, you are left with one number, 2, so 2 is your median.
I hope this helped!
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