eBook You borrow $270,000; the annual loan payments are $13,775.20 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have a 6% APR based on end-of- month payments. What is the most expensive car you can afford if you finance it for 48 months? For 60 months? Do not round intermediate calculations. Round your answers to the nearest cent. Financed for 48 months: $ Financed for 60 months: $ Simon recently received a credit card with an 18% nominal interest rate. With the card, he purchased an Apple iPhone 7 for $361.67. The minimum payment on the card is only $20 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 calculations. Round your answer to the nearest whole number. month(s) b. If Simon makes monthly payments of $65, 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. month(s) C. How much more in total payments will Simon make under the $20-a-month plan than under the $65-a-month plan. Do not round intermediate calculations. Round your answer to the nearest cent. $