Assume instead that you begin the year with no savings and instead charge $500 on your credit card each month. If you make a payment of $50 each month (beginning in September) and the card carries an interest rate of 18%, what will be the balance due at December 31? Assume all charges, payments, and interest charges occur on the last day of each month. Round all computations to the nearest whole dollar.

Date	Balance at beginning of the month	Interest accrued	Amount charged	Payment	Balance at the end of the month
August 31	$0
September 30
October 31
November 30
December 31