Question: A.) 26.06 is CORRECT B.) 6.89 is INCORRECT C.) 73.35 is INCORRECT Simon recently received a credit card with a 20% nominal interest rate. With
A.) 26.06 is CORRECT B.) 6.89 is INCORRECT C.) 73.35 is INCORRECT
Simon recently received a credit card with a 20% nominal interest rate. With the card, he purchased an Apple iPhone 7 for $420.00. The minimum payment on ihe card is only $20 per month. intermediate calculations. Round your answer to the nearest whole number. month(s) b. If Simon makes monthly payments of $60, how many months will it be before he pays off the debt? Do not round intermediate calcular answer to the nearest whole number. month(s) Round your answer to the nearest cent. $
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