2- Simon recently received a credit card with an 21.25% nominal interest rate. With the card, he purchased an Apple iPhone 6 for $385.71. The minimum payment on the card is only $10 per month. a) If Layla makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Round to the nearest month. (1.5 point) "age b) If Layla makes monthly payments of $35, how many months will it be before he pays off the debt? Round to the nearest month. (1.5 point) c) How much more in total payments will Layla make under the $10-a-month plan than under the $35- month plan? Make sure you use three decimal places for N. (3 point) 3. You want to buy a new sports car 3 years from now, and you plan to save $2830 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now? (1.5 point) 2 Page 4- Your client is 39 years old. She wants to begin saving for retirement, with the first payment come one year from now. She can save 59300 per year, and you advise her to invest in the market, which you expect to provide an average return of 10% in the future. a) If she follow your advice, how much money will be have at 78761.5 point) b) How much will she have at 832 (1.5 point) e/ She expects to live for 20 years if she retires at 78 and for 15 years if she retires at 8.1f her investments continue to carn the same rate how much will she be able to withdraw at the end of each year after retirement at each retirement age? (3 point)