Mark borrowed $5,500 at 11.5 percent for five years. What is the amount of Mark's total payment? $8,520 $8,160 $7,410 $7,257

asked May 23, 2021 195k views

5 votes

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4 votes

Answer:

7,257

Explanation:

use the formula of: M = amount/discount factor

Vivin K answered May 27, 2021

5.7k points

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