Boost your Grades with us today!


Annuity number of periods) Alex Karev has taken out a $210,000 loan with an annual rate of 11 percent compounded monthly to pay off hospital bills from his wife Izzy’s illness. If the most Alex can afford to pay is $2,500 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 $3,000 per month? Use five decimal places for the monthly percentage rate in your calculations.

a. If Alex can pay $2,500 per month, the number of years it takes for him to pay off the loan is years. (Round to one decimal place.)


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.