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Assume that you start with a balance of $580 on your credit card. During the first month, you charge $220 and make a payment of

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Assume that you start with a balance of $580 on your credit card. During the first month, you charge $220 and make a payment of $450. During the second month, you charge $120 and make a payment of $300. Assume that your credit card charges a 16% APR. Complete the following table. (Round your answers to the nearest cent.) Previous Finance Charge Purchases Payments New Balance (+) (+) Balance Month 1 10 10 Month 2

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