You finance a $500 car repair completely on credit, 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...

You finance a $500 car repair completely on credit, 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 to the nearest cent)

Extracted text: You finance a $500 car repair completely on credit, 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 to the nearest cent) Minimum payment Month Carry-over balance Finance charge New balance $500