Asap ! will mark brainliest alex elected to use the graduated payment plan for paying off his student loans. under this plan, alex will pay $200 per month for the first year. each year after that, his payments will be raised by 12% over the previous year's payment. which of the following lists alex's monthly student loan payments for each of the first 5 years? 1. $200.00, $248.00, $296.00, $344.00, $392.00 2. $200.00, $212.00, $224.00, $236.00, $248.00 3. $200.00, $202.40, $204.83, $207.29, $209.77 4. $200.00, $224.00, $250.88, $280.99, $314.70