Suppose that your credit card calculates finance charges using an APR of 43.2%. Your previous statement showed a balance of $250. After seeing this, you decide to make a payment of $105. Later that day you buy $150 worth of shoes in which you purchased with your credit card. Use this information to fill out the table below:

Month 1:
Previous Balance:$250
Payments: $105
Purchases: $150
Finance charge: $10.62
New balance: $305.62


Now you do the second month...
You make a $125 payment
You make $290 in purchases