Mark borrowed $5,500 at 11.5 percent for five years. what is the amount of mark's total payment?

The amount of Mark's Total payment is $7256.91.

Step-by-step explanation:

Given : Mark borrowed $5,500 at 11.5 percent for five years.

To find : What is the amount of Mark's total payment?          

Solution :

First we find the monthly payment,

Formula of monthly payment

Discount factor

Where, Amount = $5500

Rate r= 11.5%=0.115

Time = 5 years  

Now, put all the values we get,

Monthly payment,

Monthly payment is $120.948

The amount is

Therefore, The amount of Mark's Total payment is $7256.91.

Mark's total payment is $7,257

Step-by-step explanation:

median is the value separating the higher half of a data sample, a population or probablity distribution from the lower half.

step-by-step explanation:

say you have 3,8,7,3,1,9,8 order them from lowest to highest

if orderd it would be 1,3,3,7,8,8,9 now you take away from the lowest and the highest until you end up in the middle.

so you would remove the 1 and 9 leaving you with 5 digits remaining

when you've reached the middle that would be your answer so in this case the answer is 7

if there were two numbers left say 7 and 5 you'd and them together so 12 then divide by 2 witch would equal 6 so the answer would be 6

good luck on that project hoped i you at all