A credit card needs to be paid off within 12 months before it starts to collect interest. Beginning at Month 1, there
is $20,000 remaining to be paid. The table shows the payment plan for the first 4 months.
1
20
17. What is the explicit rule for the sequence?
f(x) =
Time (Months)
Remaining amount ($1000s)
Use the situation above to answer 16-18. (1/2 point each)
16. What is the common difference of the sequence represented in the table?
lifelong
2
18
18. Find the remaining amount to be paid on month 11.
dollars