On a new credit card, you make standard charges throughout the next 4 months listed in the chart below. You plan to pay just the minimum amount each month until your summer job starts. What value will you have for you balance at the start of month 4? Complete the table below. The beginning balance has been given to you each month to help you check your work! If the table is not visible, press the "tab" button to go to the next answer box. The APR is 22.99% and the minimum payment is 2.5% of the balance.

Month

Carry Over balance

Finance Charge

New Purchases

New balance

Minimum payment

$0

0

$100

1

$97.50

$130.50

2

$224.12

$255.02
3

$471.34

$72.88

4