Solution:
As per the problem
Maxine took out a loan for $3200 at 8% interest, compounded annually.
she makes yearly payments of $250.
she will be able to Payoff her loan iff yearly payments made is greater than yearly interest.
Interest payable in first year 
Interest payable in first year
This payable interest will goes on increasing year on year.
Hence Maxine will never payoff the loan.
26.833
26.000 27.000
Answer 27.000
The area of the shaded region of this figure which can be calculated by the difference of the larger region from the smaller region would be 104 in.²
<h3>What is the area of the rectangle?</h3>
The area of the rectangle is the product of the length and width of a given rectangle.
The area of the rectangle = length × Width
Area of a larger rectangle
= Length × Width
= 18 × 12
= 216 in.²
Area of the smaller rectangle
Length = 12 - 2 - 2 = 8 in.
Width = 18 - 2 - 2 = 14 in.
= Length × Width
= 8 × 14
= 112 in.²
Area of the shaded region = Area of a larger rectangle - Area of the smaller rectangle
= 216 - 112
= 104 in.²
Hence, the area of the shaded region of this figure is 104 in.²
Learn more about the area;
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