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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