need help

HW#5. Seymour has $2,000 in credit card debt. He has the option of paying the $35/month minimum. After doing a budget with his mother he realized that, if pressed, he can afford to pay $150 per month. His mother is encouraging him to make the $150/month payment, but Seymour would rather make the smaller payment so he can have more fun now. If he is paying 18.9% annual interest, how long will it take him to pay off the credit card debt if: a. he pays the minimum monthly payment of $35 b. he pays makes the $150 monthly payment c. Seymour decides not to heed his mother's advice and opts for the $35/month plan, how many more years will it take and how much more will it cost than if he had taken his mother's advice and went with the $150/month plan? HW #5 Relevant information Annual Interest Rate Periods Per Year Number of Years Needed Information Present Value Future Value Payment Rate Number of Periods Additional Calculations (if needed) Additional payoff years Total cost of credit Additional cost of credit Answer: PV FV PMT RATE NPER