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You have a credit card with an APR of 21.6%. You begin with a balance of $1200, in response to which you make a payment

You have a credit card with an APR of 21.6%. You begin with a balance of $1200, in response to which you make a payment of $300. The first month you make charges amounting to $450. You make a payment of $300 to reduce the new balance, and the second month you charge $500. Complete the following table. (Round your answers to the nearest cent.)

Previous balance Payments Purchases Finance charge New balance
Month 1 $1200 $ $ $ $
Month 2 $

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