Business of Radiology 101
Scenario: Buy a New Scanner
You decide to replace an existing CT scanner with the purchase and installation of a new unit. You decide to take out a new loan to finance the purchase. See the capital expenditures section of the spreadsheet in red .
- What if you find a scanner model that still fulfills your performance needs but is less expensive? Substitute $1,500 for price. What happens to down payment? Interest payments?
- EXPLAIN
Now assume your cash is tight. You find a bank that will accept only 10% down and still give these same rate and loan term.
- Substitute 10% for the down payment.
- What happens to interest payments?
- EXPLAIN
It is more likely that to secure a smaller down payment percentage, the bank will ask for more expensive loan terms.
- Substitute 7.5% for loan rate.
- What happens to interest payments?
- EXPLAIN