Section 10 Homework: Problem 7 (6 points) Suppose you open a credit card account and charge $125 to the account on the first of each month to pay for your cable and Internet subscription, You plan to pay just the minimum payment each month for the first 6 months (until your summer job starts). The APR is 26.99% and the minimum payment is 4.5% of the balance. Use Excel to fill in the values in the table below and answer the questions that follow. Expross 5 answers rounded to the nearest cent. (a) What is the total of the minimum payments for months 1-6? (b) What is the starting balance at the begineing of the zth month? (c) Vour total finance charge is what percent of your total payments for months 1-6? Exprews your answer rounded to the nearest tensh of a percent. If you haven't answered the question cortectly in 3 attempts, you can get a hint. Note: You can eam partial credit on this problem. Section 10 Homework: Problem 7 (6 points) Suppose you open a credit card account and charge $125 to the account on the first of each month to pay for your cable and Internet subscription, You plan to pay just the minimum payment each month for the first 6 months (until your summer job starts). The APR is 26.99% and the minimum payment is 4.5% of the balance. Use Excel to fill in the values in the table below and answer the questions that follow. Expross 5 answers rounded to the nearest cent. (a) What is the total of the minimum payments for months 1-6? (b) What is the starting balance at the begineing of the zth month? (c) Vour total finance charge is what percent of your total payments for months 1-6? Exprews your answer rounded to the nearest tensh of a percent. If you haven't answered the question cortectly in 3 attempts, you can get a hint. Note: You can eam partial credit on this