Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate = 
effective rate = 5 × 
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity ×
.........1
future value = 300 × 
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100
Answer:
9 and 11
Step-by-step explanation:
9 and 11 are before and after 10. so, 10 lies between them.
An outlier is a number much smaller or larger than the rest of the group of numbers. And outlier does not affect the median or the mode at all. It only affects the mean.