Alex Karev has taken out a​$220,000 loan with an annual rate of 12 percent compounded monthly to pay off hospital bills from his wife​ Izzy's illness. If 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.   a.If Alex can pay $3,000 per​ month, the number of years it takes for him to pay off the loan is    years.    B.  How long will it take for him to pay off the loan if he can pay $3,500 per​ month?

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