Question: work, part 2-graded Activity Information oon CDT Check My Work Click here to read the eBook: Future Values Click here to read the eBook: Semiannual
work, part 2-graded Activity Information oon CDT Check My Work Click here to read the eBook: Future Values Click here to read the eBook: Semiannual and Other Compounding Periods PAYING OFF CREDIT CARDS Simon recently received a credit card with an 17% nominal interest rate with the card, he purchased an Apple iphone 5 for S390. The minimum paymen is only $10 per month. a. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Do not round intermediate the ca calculations. Round your answer to the nearest month month(s) b. If Simon makes monthly payments of s30, how many months will it be before he pays off the debt? Do not round intermediate calculations. Round your answer to the nearest month. month(s) c. How much more in total payments will Simon make under the S10?month plan than under the S30-a-month plan. Do not round intermediate calculations. your ansver to the nearest cent. Cheek My Work 51 DOLL
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