37. Simon recently received a credit card with a 13% nominal interest rate. With the card,...

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Finance

37. Simon recently received a credit card with a 13% nominalinterest rate. With the card, he purchased an Apple iPhone 7 for$430.00. The minimum payment on the card is only $20 per month.
If Simon makes the minimum monthly payment and makes no othercharges, how many months will it be before he pays off the card? Donot round intermediate calculations. Round your answer to thenearest whole number. How many month(s)?
If Simon makes monthly payments of $60, how many months will itbe before he pays off the debt? Do not round intermediatecalculations. Round your answer to the nearest whole number.
How many month(s)?
How much more in total payments will Simon make under the$20-a-month plan than under the $60-a-month plan. Do not roundintermediate calculations. Round your answer to the nearest cent.$

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37. Simon recently received a credit card with a 13% nominalinterest rate. With the card, he purchased an Apple iPhone 7 for$430.00. The minimum payment on the card is only $20 per month.If Simon makes the minimum monthly payment and makes no othercharges, how many months will it be before he pays off the card? Donot round intermediate calculations. Round your answer to thenearest whole number. How many month(s)? ____________If Simon makes monthly payments of $60, how many months will itbe before he pays off the debt? Do not round intermediatecalculations. Round your answer to the nearest whole number.How many month(s)? ______________How much more in total payments will Simon make under the$20-a-month plan than under the $60-a-month plan. Do not roundintermediate calculations. Round your answer to the nearest cent.$__________