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Sthon recenty received a credit card with a 12% nominal interest rate. Wath the card, he purchased an Apple iphone 11 for $760. The minimum
Sthon recenty received a credit card with a 12% nominal interest rate. Wath the card, he purchased an Apple iphone 11 for $760. The minimum payment on the card is only $10 pe a. If 5 mon 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 intermed ate caloulations. Round your answer to the nearest whole number: month(s) b. If Siman makes momthly poyments of 335 , how many months wal it be before he pays off the debe? bo not round inteemediate calculations. Round your aniwer to the nearest whole number. month(1) C. How much more in total poyments will sitwon make under the $10-a-month plan than under the 135 -a-month plan? Do not round intermediate calculations. Round your answer to the nearest cent. 8
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