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Part 1 of 2 Homework: Chapter 6 Homework Points: 3 (Annuity number of periods) Alex Karehas taken out a 5210,000 loan with an annual rate

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Part 1 of 2 Homework: Chapter 6 Homework Points: 3 (Annuity number of periods) Alex Karehas taken out a 5210,000 loan with an annual rate of parent compounded monthly to pay off hospital billstrom his way's less the most les can attord to pay is $2,000 per month how long will it take to pay off the loan? How long wil it take for him to pay off the loan it he can pay $2.500 per month? Use five decimal place for the monthly percentage in your calculations Alex cun pay $2,000 per month, the number of years it takes for Fun to pay of the year Round to one oecimot place)

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