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Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be paid is $3,450. How many months
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Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be paid is $3,450. How many months is the loan for?

User Vitaliis
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the amount of the interest for each month is 4.6% x $15000 = $690
he has to pay $690 interest each month, so $3450/$690 = 5 month
User Rootx
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