You carry over a balance of $400 on a recent purchase of a washing machine, you will just pay the minimum payment each month for the next three months. The APR is 15.99% 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 your answers):