please answer it

Connect! Making Only the Minimum Payment Since credit cards all require a minimum payment by the due date each month, let's explore what happens to the balance if only the minimum payment is made each month. 1) Assume that the credit card has an APR of 22.99% and a minimum payment of 3% of the balance each month. If the carry-over balance is $3,000 and there are no other fees or charges made during the month, compute the following for month 1: en charon 3) Assume that only the minimum payment is made for months 2 and 3 (no purchases or other fees are applied). How much does this person owe by month 4? Complete the table below to answer this question. Month Carry-Over Balance Finance Charge New Balance Minimum Payment $3,000 $91.72 1 2 $3,022.58 3 4 $2,898.43