Question

A hospital sends an invoice to a patient. The patient schedules a payment plan in which she makes an initial payment of $1,451 the first month and then pays one-third of the previous month’s payment each of the following months until the invoice is paid in full. Approximately how much of the invoice will be paid after the fourth month?

Answer 1

answer choices:
$1,451.00
$2,095.89
$2,149.63
$2,167.54

first month: 1451
second month: (1/3) of the first month payment, or (1/3)1451
third month: (1/3) of the second month payment, or (1/3)(1/3)1451

keep going until the fourth month then add up the totals