student borrows $65,000 for business school at 8.5% stated annual interest with monthly repayment over 8 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. Suppose that to better match expected student salary growth over time, the loan is structured as a growing annuity with each monthly payment growing by 0.2% compared to the previous monthly payment. How much is the first monthly payment?

Step-by-step explanation:

From the Question we are told that

Borrows $65,000

Annual interest  8.5%

Monthly repayment over 8 years

Generally PV of annuity with growth is mathematically represented as

where PV is present value

PV of annuity with growth X=

im trinna find out'

step-by-step explanation:

he used the algebra tiles correctly.

step-by-step explanation:

given : 3x(2x-1)

solution :

since he used algebra tiles .

armando's solution is the same in the solution shown in figure

as he distributed 2x into x and x and wrote them vertically

and also write   -1 vertically

and 3x into x and x and x and wrote it horizontally

performing the multiplication in the algebra tiles we get

and solving the given expression :

3x(2x-1)

since solving the expression using tiles   and solving the expression algebraically we get the same answer

thus   we can choose the first statement as the answer to this problem which is "he used the algebra tiles correctly".