Principal: APR: Period: No. of periods in 1 year: Periodic Rate: $ 1,000.00 12% Month 12 1.0% In the example given in the chapter involving buying a flat-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.

Principal: APR: Period: No. of periods in 1 year: Periodic Rate: \begin{tabular}{|l|} \hline$1,000.00 \\ \hline Month \\ \hline \end{tabular} In the example given in the chapter involving buying a flat-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. Principal: APR: Period: No. of periods in 1 year: Periodic Rate: \begin{tabular}{|l|} \hline$1,000.00 \\ \hline Month \\ \hline \end{tabular} In the example given in the chapter involving buying a flat-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