Answer:
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If you meant median, the median would be the data in the middle.
Step-by-step explanation:
In this case, 1-2-3-4-5 (here) 6-7-8-9-10
5.5 would be in the middle because there is an even amount of numbers.
T= the total cost
T=4r+2
p=2982
Rate of interest = 6 % p.a
No of year = 12
P.V = $ 25000
Installments (p) = ?
We know the formula of P.V annuity
P.V = P[ 1-(1+r)-n/r]
25000 = P[1-(1+0.06)-12/0.06]
P = 2982 will withdraw annuity
115%(15,800)= $18,170. <--- markup price
$15,800+$18,170= $33,970 total price
That is 115% x $15,800 = $18,170 markup price
Then add the original price to the markup price
That is $15,800 + $18,170 = $33,970
