One month from today, you begin paying back your $60,000 student loan, which pays a constant monthly

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Question:

One month from today, you begin paying back your $60,000 student loan, which pays a constant monthly rate of .50% per month (monthly compounded). Your payments will rise 0.23% each month, and you will make 228 payments in all. A. What is your first payment? Answer in dollars and cents. B. What is your first payment if it occurs two years from today?