Your friend is planning on purchasing the latest iPad Pro. The 12.9-inch display 512GB wifi-only model costs $1,299. Without having the cash in hand, your friend plans to purchase it using a credit card which has an 18.3% APR (compounded daily). They would like to pay off the debt of this purchase in 5 years. What is the effective annual interest rate for this credit card? In the above question, what should be the monthly payment that your friend needs to make in order to pay off the debt of this purchase in above given years? You can assume each month has 30 days and each year has 365 days. Just write down the expression like "e.g. A = 1,000 (A/P, 10%, 10) + 2,500 (A/F, 10%, 10) - 4,000. You don't need to calculate the final numerical