Assume that you start with a balance of $4100 on your credit card. During the first month, you charge $700, and during the second month, you charge $550. Assume that your credit card charges a 28% APR and that each month you make only the minimum payment of 2.5% of the balance. Complete the following table. (Round your answers to the nearest cent.)

Month 1 Previous Balance/ Finance Charge /Purchase/ Payments / New Balance

______________ _____________ _______ _________ _________

Month 1 Previous Balance/ Finance Charge/ Purchase/ Payments /New Balance

______________ ____________ _______ _________ _________