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?

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13 February, 17:57

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Sandra Avery · Answer 1

1st month 1451

2nd 1/3*1451 = 483.66

3rd 1/3*483.66 = 161.22

4th 1/3*161.22 = 53.74

Total paid after 4th month: 2149.62