David a high school senior was wondering if the cost of attending college is worth the expense. he collected the following data about the annual salaries in thousands of dollars, for college graduates and highschool graduates

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

i think the answer is b.

step-by-step explanation:

not 100% sure though.

29933333.33

step-by-step explanation: