Simon recently recelved a credit card with a 15% nominal interest rate. With the card,...
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Simon recently recelved a credit card with a 15% nominal interest rate. With the card, he purchased an Apple iphone 11 for $650. The minimum payment on the card is only $20 per tanth. h. If Simon makes the minimum monthly poyment and makes no other charges, how many months will it be before he poys off the card? Do not round intermediate calculatons. Round your answer to the nearct whole number. month(s) b. If simen makes monthly payments of $70, how many months will it be before he pays def the debt? Do not round intermediate calculations. Round your answer to the nearest whole number. month(s) c. How much more in total payments will 5 imon make under the $20-a-morth plan than under the $70-a-month plan? Do not round intermediate calculations. Round your ancwar to the nearest cent
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