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B. how long will it take for the loan to be paid off paying 3500...

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Finance

B. how long will it take for the loan to be paid off paying 3500 per month
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(Annuity number of periods) Alex Karev has taken out a 5210.000 loan with an annual rate of 9 percent compounded monthly to pay off hospital bills from his wife izzy's liness the most Alex can afford to pay is $3,000 per month, how long will it take to pay off the loan? How long will it take for him to pay off the loan if he can pay $3 500 per month? Use five decimal places for the monthly percentage rate in your calculations Alex can pay $3,000 per month, the number of years it takes for him to pay of the loan is years. (Round to one decimal place) 15

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