Question: please specify N I/Y PV PMT & FV usign for review a. Suppose Jim spontaneously decides to treat all his friends to burgers and fries.

please specify N I/Y PV PMT & FV usign for review

a. Suppose Jim spontaneously decides to treat all his friends to burgers and fries. He has already spent his excess cash from his paycheck so he decides to put it on his credit card and pay for it later. The total cost for the meal for his group of friends including the tip is $135.47. His credit card has an interest rate of 24.99%. If he makes payments of $25 per month, how long would it take him to pay for that spontaneous purchase? I/Y PV PMT b. How much would Jim end up spending on this purchase? How much interest did he pay

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