What is the median of the following seven numbers? {12, 54, 34, 76, 82,23, 34}
1 answer:
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Answer:
$2647.18
Step-by-step explanation:
Formula :
Future value = $43,000
r = rate of interest = 9% = 0.09
t = 3.5 years (compounded quarterly)
n = number of compounding (3.5 × 4) = 14
Now put the values into formula :
43000 =
43000=A(
43,000 = A(16.243708)
A =
A = $2,647.17883 ≈ $2647.18