Question: X Assignment 5: Chapter 5 EOC problems Back to Assignment Attempts: Keep the Highest: /15 10. Problem 5.37 (Paying off Credit Cards) eBook Simon recently
X Assignment 5: Chapter 5 EOC problems Back to Assignment Attempts: Keep the Highest: /15 10. Problem 5.37 (Paying off Credit Cards) eBook Simon recently received a credit card with a 21% nominal interest rate. With the card, he purchased an Apple Phone 7 for $306.34. The minimum payment on the card is only $10 per month a. 11 Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays of the card? Do not round Intermediate calculations. Round your answer to the nearest whole number, month(s) t. Ur Simon makes monthly payments of $3s, how many months will it be before he pays off the debt? Do not round intermediate calculations, Round your answer to the nearest whole number months) C. How much more in total payments will Simon make under the $10-3-month plan than under the 535-3-month plan. Do not round intermediate calculations, Round your answer to the nearest cent. 5 Grade it Now Save & Continue Continue without saving
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
