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Buying a Flat Screen TV M1 Part a: screen TV for $1,000 with a credit card that charges 12% APR we simply calculated the amount owed at the end of one year with no payments made. a.) Redo this problem but now make a $50 payment each month. A payment will pay off part of the loan so what you owe goes down. Fill down to 30 months. b.) How much do you owe at the end of one year? In cell F38 enter a simple formula which links to the cell with the answer in it. So if the amount you owe at the end of one year is in cell E8, your formula in F38 would be =E8. Part b: Amount owed at end of 1 year: Part c: Number of months to pay off loan: c.) How long will it take you to pay off the loan? In cell F40 enter a simple formula which links to the cell with the answer in it. So if the number of the month the loan is paid off is in cell E8, your formula in F40 would be =E8. TV loan Project Description: In this problem, you will find the amount owed at the end of one year with payments made each month. Steps to Perform