The median is a better representative of the central value of a data set when
the data set is highly skewed.
Note that
The median and average value only coincide when the distribution is perfectly normal.
Many outliers will also skew the distribution, and the median becomes a better representative.
Using the formula for the future value of an annuity: FV = P x (1 + rate)^time - 1 / rate)
1st account:
15,000 x (1 + 0.05)^10 - 1 /0.05) = $188,668.39
2nd account:
15,000 x (1 + 0.10)^10 - 1 /0.10) = $239,061.37
Answer:
1372
Step-by-step explanation:
Because 980 divided by 5 is 196 and 196 x 5 = 980
So you take 196 and multiply it by 5 and it's 1372
Hope this helps :)
