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Chapter 6, Section 6.5, Question 003b Credit Card Debt John has a balance of $2900 on his credit card that charges 1% interest per month

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Chapter 6, Section 6.5, Question 003b Credit Card Debt John has a balance of $2900 on his credit card that charges 1% interest per month on any unpaid balance. John can afford to pay $100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence 80 = $2900, 8, = 1.018,-1 - 100 Using a graphing utility, determine when John's balance will be below $2300. How many payments of $100 have been made? payments Chapter 6, Section 6.5, Question 003b Credit Card Debt John has a balance of $2900 on his credit card that charges 1% interest per month on any unpaid balance. John can afford to pay $100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence 80 = $2900, 8, = 1.018,-1 - 100 Using a graphing utility, determine when John's balance will be below $2300. How many payments of $100 have been made? payments

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