You finance a $500 car repair completely on credit and you will just pay the minimum payment each month for the next three months. The APR is 18.99% and the minimum payment each month is 4% of the balance. Determine the finance charge, carry-over balance, and minimum payment required for each of the next two months, and the starting balance for month 2 in the table below.

Round each answer to the nearest cent and do not enter the $ as part of your answer, enter a number only.

Month	Carry-over balance	Finance charge	New balance	Minimum payment
1	$500
2