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You have a credit card with an APR of 16%. You begin with a balance...

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Accounting

You have a credit card with an APR of 16%. You begin with a balance of $750. In the first month you make a payment of $350 and you make charges amounting to $300. In the second month you make a payment of $300 and you make new charges of $700. Complete the following table. (Round your answers to the nearest cent.)

Previous balance Payments Purchases Finance charge New balance
Month 1 $750 $ $ $ $
Month 2 $ $ $ $ $

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