(Show your work for each question. If you use financial calculator, show the number inputs for TVM variables 1. Simon recently received a credit card with an 18% nominal interest rate. With the card, he decides to buy an Apple iPhone X for $999. The minimum payment on the card is only $50 per month. a. (4) If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Round your answer to the nearest whole. b. (4) If Simon makes monthly payments of $100, how many months will it be before he pays off the debt? Round your answer to the nearest whole