Question 1171657
Here's the completed table with the calculations:

**Month 1:**

1.  **Previous Balance:** $4500.00
2.  **Purchases:** $250.00
3.  **Finance Charge:**
    * Monthly interest rate: 12% APR / 12 months = 1% = 0.01
    * Finance charge: $4500.00 * 0.01 = $45.00
4.  **New Balance (before payment):** $4500.00 + $250.00 + $45.00 = $4795.00
5.  **Minimum Payment:** $4795.00 * 0.05 = $239.75
6. **New Balance (after payment):** $4795.00 - $239.75 = $4555.25

**Month 2:**

1.  **Previous Balance:** $4555.25
2.  **Purchases:** $600.00
3.  **Finance Charge:**
    * Finance charge: $4555.25 * 0.01 = $45.55 (rounded to the nearest cent)
4.  **New Balance (before payment):** $4555.25 + $600.00 + $45.55 = $5200.80
5.  **Minimum Payment:** $5200.80 * 0.05 = $260.04
6. **New Balance (after payment):** $5200.80 - $260.04 = $4940.76

**Completed Table:**

| Month   | Prev. Balance | Min. Payment | Purchases | Fin. Charge | New Balance |
| :------ | :------------- | :------------ | :-------- | :---------- | :---------- |
| Month 1 | $4500.00      | $239.75       | $250.00   | $45.00      | $4555.25     |
| Month 2 | $4555.25      | $260.04       | $600.00   | $45.55      | $4940.76     |