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Medical Assistant

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AVG. SALARY

$34,740

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EDUCATION

1-2 years post-secondary training

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JOB OUTLOOK

Increasing

Real-Life Activities

Real-Life Math

Inez slips in through the front door of the doctor's office. She walks up to the counter clutching a bill in her hand. She seems very agitated. As the medical office assistant, you ask what you can do to help her.

A few weeks ago, Inez had a surgical procedure that isn't covered under the health-care system. She just received a bill in the mail for $1,430. She is upset because she can't afford to pay that bill.

You calm her down and assure her that you can help work out a payment plan, so that she can pay back the fee in monthly installments. By talking to her, you find that she can afford to pay $130 per month towards the bill.

"We do very simple math for bookkeeping and creating payment plans," says May Au, a medical office assistant. "We also help figure out different bills."

Under this payment plan of $130 per month, how many months will it take Inez to pay off her account?

Inez comes back to the office in 6 months and says that she is unable to keep paying $130 per month. All she can afford is $100 per month. At this new rate, how many months will it take her to finish paying off her bill?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.