\ 4. You need a new cell phone and would like to get an iPhone 7 with

128GB

. You can buy the phone from Apple for

$1,029

or you can pay

$649

up front and an extra

$15

per month for the next two years on your Fido plan. How much does the Fido plan cost you if the APR is

1%

per year? Should you buy the phone from Apple or take the Fido plan?

4. You need a new cell phone and would like to get an iPhone 7 with 128GB. You can buy the phone from Apple for $1,029 or you can pay $649 up front and an extra $15 per month for the next two years on your Fido plan. How much does the Fido plan cost you if the APR is 1% per year? Should you buy the phone from Apple or take the Fido plan