You carry over a balance of $500 on a recent purchase of a new refridgerator,  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, new balance, and minimum payment required for the first month, and the starting balance for month 2 in the table below (round to the nearest cent, do not include units with you answers):   Month Carry-over balance Finance charge New balance Minimum payment 1 $500

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