Eric borrowed money to buy a phone. He is paying the money back that he owes by paying the same amount each month. After 6 months, he owes $505. After 12 months, he owes $385. After establishing 2 ordered pairs from that information and writing the equation of the line, I came up with y = -20x + 625. Use the equation to find f(16) and explain what your answer represents. * 1 point
f(16) = 945; It represents the original price of the phone.
f(16) = 945; It represents the amount still owed after 16 weeks.
f(16) = 305; It represents the original price of the phone.
f(16) = 305; It represents the amount still owed after 16 weeks.