how do u figure the monthly cost ? its not 1,564.29....

HM2010 WK03 Assignment Axlsx - Excel Tell me what you want to do Insert Page Layout Formulas Data Review View H elp 12 VAA == 2 Wrap Text Merge & Center 5. 29 mat Painter Conditional Formatas Cell Formatting Table Styles Styles Alignment Number - 312.85 Instructions Question 1 Dr. Jones is interested in expanding his practice by adding a piece of radiology equipment. The basic cost of the equipment would be $79,000 for the first year. The monthly loan cost for this equipment is $1.564.29 for five years. Additionally, Dr. Jones must factor in the cost to hire a radiology tech with a predicted $39,600 annual salary (this includes all taxes and fringe benefits). The office already has a radiology room, so there are no fixed costs associated with this purchase. You help Dr. Jones determine that the office will do 1100 studies per year with an average reimbursement of $51.63. The variable cost per study is $3.24. Complete the table below: Monthly Cost 3 +85 Maintenance Wook Type here to search