Having a hard time with this!

1. Create an Excel spreadsheet that can do the calculations for the credit card below. Using formulas and the drag function of Excel (see the notes), find the values for 1 year of charges. With a beginning balance of $1900 and no additional charges, you will just pay the minimum payment each month for the next year. The APR is 24.99% and the minimum payment each month is 7% of the balance. Determine the finance charge, new balance, and minimum payment required for each of the next year, and the starting balance for month 13: a. What is the total of the minimum payments? What is the total of the finance charges? c. How much does the starting balance decrease after one year of payments? d. The total of your finance charges is what percent of your total payments? e. Explain why making the minimum payment all the time is great for the credit card b. company, but not so great for the user